can you explain how to solve this? thanks
Preparejournal entries to record each of the following transactions ofa merchandising company. The company uses a perpetual inventory system and the gross method. Nov. 5 Purchased 1,250 units of product at a cost. of $20 per unit. Terms of the sale are SKID, H.360; the invoice is dated November 5. Nov. '1' Returned 40 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November 'I. View transaction list Journal entry worksheet Purchased 1,250 units of product at a cost of $20 per unit. Terms of the sale are 5110, use; the invoice is dated November 5. Note: Enter debits before credits. Prepare journal entries to record each of the following transactions ofa merchandising company. The company uses a perpetual inventory system and the gross method. Nov. 5 Purchased 1,250 units of product at a cost of $20 per unit. Terms of the sale are Sill), HIED; the invoice 13 dated November 5. Nov. 7 Returned 40 defective units from the November 5 Purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November '3. View transaction "51 Journal entry worksheet Returned 40 defective units from the November 5 purchase and received full credit. Note: Enter debits before credits. Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Nov. 5 Purchased 1,250 units of product at a cost of $20 per unit. Terms of the sale are 5/10, n/60; the invoice is dated November 5. Nov. 7 Returned 40 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November 7. View transaction list Journal entry worksheet