Ched 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 1,050 units of product at a cost of $16 per unit. Tore of the sale are 4/10, 1/60, the invoice la dated November 5. Nov. 7 Returned so defective units from the Movember 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November 1. View transaction list Journal entry worksheet 2 1 Purchased 1,050 units of product at a cost of $16 per unit. Terms of the sale are 4/10, 1/60; the invoice is dated November 5. Note: Enter debits before credits General Journal Debit Credit Date Nov 05 Record entry Clear entry View general Journal View transaction list Journal entry worksheet > Returned 50 defective units from the November 5 purchase and received full credit. Note: Enter debits before credits. Debit Credit Date General Journal Nov 07 View general journal Cicar entry Record entry Next > MacBook AS