Help Save & Exit Submit 2 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. November 5 Purchased 1.150 units of product at a cont of $10 per unit. Terms of the sale are 3/10, 1/4 the needs dated November 5. November 7 Returned 30 defective units from the November purchase and received tull credit November 15 Paid the amount doe from the November 5 purchase, in the return on Novenbek 7. 3.12 points 8 58 40 View transaction lit Journal entry worksheet 1 2 3 > Purchased 1,150 units of product at a cost of $10 per unit. Terms of the sale are 3/10, 1/60; the invoice is dated November 5. Note: Enter debits before credits Debit Credit General Journal Date Nov 05 Mc Graw od D