Biloxi Gifts uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. The transactions are given below: Novenber 2 The company purchased $2,900 of perchandise on credit from the Midland company, teras 2/10,n/30. Novenber 12 The onner, 1. Biloxi, contributed an autonobile worth $20,000 to the conpany. November 16 The company sold $1,350 of merchandise (cost is $860 ) on credit to K. Myer, terms n/30. November 19 Biloxi granted K. Myer an allowance (price reduction) of $205 for merchandise sold on Noveaber 16 . Bulloxi credited accounts receivable for that amount. Journalize transactions that should be recorded in the general journal. Identify the journal where each of the following transactions should be recorded. Complete this question by entering your answers in the tabs below. Journalize transactions that should be recorded in the general joumal. Note: If the transaction is not recorded in the general journal, select "Not recorded in general journal" in the first account field: Journal entry worksheet 4 The company purchased $2,900 of merchandise on credit from the Midland Company, terms 2/10,n/30