eBook I Online teaching and learn Show Me How Calalator Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System The following were selecedrom among the ransactions completedtby Sabcock company buring Novernber of the caret eari Nov. 3. Purchased merchandise on account from Moonlight Co, list price $81,000, trade discount 30%, terms FOB destination, 2/10, n/30. 4. Sold merchandise for cash, $39,660. The cost of the goods sold was $21,600. S. Purchased merchandise on account from Papoose Creek Co., $49,300, terms FOB shipping point, 2/10, n/30, with prepaid freight of $820 added to the invoice. 6. Returned $14,000 ($20,000 list price less trade discount of 30%) of merchandise purchased on November 3 from Moonlight Co 8. Sold merchandise on account to Quinn Co, $14,720 with terms n/15. The cost of the merchandise sold was $10,240. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $226,820. The cost of the goods sold was $142,960 15. Paid Papoose Creek Co. on account for purchase of November s. 23. Received cash on account from sale of November 8 to Quinn Co 24. Sold merchandise on account to Rabel Co, $55,200, terms 1/10, n/30. The cost of the goods sold was $32,260. 28. Paid VISA service fee of $3,630. 30. Paid Quinn Co. a cash refund of $6,170 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,600. Required: Journalize the transactions. Nov. 3 Nov. 4-sale Check My Work 2 more Check My Work uses remaining Save and Exit Submit