Chapter 6 HW eBook Show Me How Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System 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 $84,000, trade discount 25%, terms FOB destination, 2/10, n/30. 4. Sold merchandise for cash, $38,010. The cost of the goods sold was $22,790, 5. Purchased merchandise on account from Papoose Creek Co., $49,350, terms FOB shipping point, 2/10, n/30, with prepaid freight of $850 added to the Invoice. 6. Returned $15,000 ($20,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co., $15,420 with terms n/15. The cost of the merchandise sold was $9,510. 13. Paid Moonlight Co, on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $217,200. The cost of the goods sold was $138,620 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., $52,200, terms 1/10, n/30. The cost of the goods sold was $34,080. 28. Paid VISA service fee of $3,490. 30. Paid Quinn Co. a cash refund of $5,960 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,460 Required: Journalize the transactions. Nov. 3