II. Sales and Purchases Activities (10 points) Prepare the necessary journal entries for T-toys Co, to record the following transactions, assuming T-toys Co. uses a perpetual inventory system (4) On Nov. 2, T-toys purchased $33,000 of merchandise on account, terms 2/15, n/30 (b) On Nov. 4, T-toys sold merchandise to Goodie Inc. for $50,000, with terms 1/10, n/30. The merchandise cost $28,000 (c) On Nov. 7, Goodie Inc. returned $6,000 of merchandise to T-toys. The merchandise returned cost $3,400. (d) On Nov. 13, T-toys received the balance due from Goodie Inc. (e) On Nov. 15, T-toys paid in full for the merchandise purchased on Nov. 2. DE