following were selected from among the transactions completed by Babcock Company during November of the cument year: Nov. 3 Purchased merchandise on account from Moonlight Co fist price 594,000 , trade disoount 25\%, terms FOE destination, 2/10,r/30. 4 Sold merchandise for cash, $35,040. The cost of the goods sold was $20,610. 5 Purchased merchandise on account from Papoose Creek Co. \$50,800, terms FOB shipping. point. 2/10,n/30, with prepaid freight of $850 added to the invoipe 6 Retumed merchandise with an invoice amount of $12,000 ( $16,000 list price less trade discount of 2596) purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co. $14,030 with terms n/15. The cost of the goods sold was $9,130 13 Paid Moonlight Co. on account for purchase of November 3, less retum of November 6. 14 Sold merchandise with a list price of $243,720 to customers who used VISA and who redeemed $7,100 of pointof-sale coupons. The cost of the goods sold was $148,200. 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. $52,500, terms n/30. The cost of the goods sold was sec,600 28 Paid VISA service fee of $3,750. 30 Paid Quinn Co. a cash refund of $6,510 for returned merchandise from sale of November 8 . The cost of the returned merchandise was $3,450. 30 During November, printed a coupon with each customer's sales receipt for $2 off the customer's next purchase of over $15. The coupons may be redeemed during December. Of the total of 24,000 coupons printed, it is estimated that 55% will be redeemed. Required: 1. Joumalize the November transactions 2. Assume that as of December 31,10,300 of the $2-ofi coupons insued during November had been redeemed by customerz. Joumalize the entry for the remaining unredeemed coupona