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EB 1 1 . 1 0 . 3 Prepare journal entries to record the following transactions, assuming perpetual inventory updating , Assume no beginning inventory.

EB $11 . 10.3$ Prepare journal entries to record the following transactions, assuming perpetual inventory updating $,$ Assume no beginning inventory. Number of Units Unit Cost Nov. $19 .$ purchased merchandise for resale $1.200$ $ $6$ Nov. $22 .$ purchased merchandise for resale $980 5$ Nov. $30,$ sold merchandise for $ $10$ per unit $850$

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