AaBbcc AaBbcc AaBbC AaBbcc AdB 1 Normal 1 No Spac... Heading 1 Heading 2 Title Replace Select Dictate Se aragraph Styles Editing Voice Se Principles of Accounting I BUSI 201-01 Fall 2020 Chapter 5 Hand In Assignment PR 5-3A Sales and Purchase-Related Transactions Using Perpetual Inventory System Obj. 2 The following were selected from among the transactions completed by Babcock Company during November of the current year: Nov. 3. Purchased merchandise on account from Moonlight Co., list price $85,000, trade discount 25%, terms FOB destination, 2/10, 1/30. 4. Sold merchandise for cash, $37,680. The cost of the goods sold was $22,600. 5. Purchased merchandise on account from Papoose Creek Co., $47,500, terms FOB shipping point, 2/10, n/30, with prepaid freight of $810 added to the invoice. 6. Returned merchandise with an invoice amount of $13,500 ($18,000 list price less trade discount of 25%) purchased on November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co., $15,600 with terms /15. The cost of the goods sold was $9,400. 13. Paid Moonlight Co, on account for purchase of November 3, less return of November 6. 14.Sold merchandise on VISA, $236,000. The cost of the goods sold was word Totton, Alezan Title Mailings Review View Help E ALI Find AaBbccdc AaBbccde AaBbci AaBbccc AaB Replace 1 Normal 1 No Spac... Heading 1 Heading 2 Select Paragraph Styles Editing 0. Solu merchandise on account w QUI CO., 13,000 WIur terms ry 15. me cost of the goods sold was $9,400. 13.Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $236,000. The cost of the goods sold was $140,000 15. Paid Papoose Creek Co. on account for purchase of November 5. 23. Received cash on account from sale of November 8 to Quinn Co. 24. Sold merchandise on account to Rabel Co., $56,900, terms 1/10, n/30. The cost of the goods sold was $34,000. 28.Paid VISA service fee of $3,540. 30. Paid Quinn Co. a cash refund of $6,000 for returned merchandise from sale of November 8. The cost of the returned mechandise was $3,300. Instructions Journalize the transactions. D'Focus