Biloxi Gifts uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements jour- as 7-4 nal, and a general journal as illustrated in this chapter. Journalize its Novernber transictions that should be Entios in the general journal recorded in the general journal. For those not recorded in the general journal, identify the special joumal C2 where ench should be recorded, Nov. 2 The company purchased $2,600 of merchandise on credit from the Midland Co, terms 2/10,n/30. 12 The owner, T. Biloxi, contributed an automobile worth $17,000 to the company. 16 The company sold $1,200 of merchandise (cost is $800 ) on credit to K. Myer, terms n/30. 19 K. Myer returned $175 of (worthless) merchandise originally purchased on November 16 to the company (assume the cost of this merchandise is left in cost of goods sold)