Instructions

The following were selected from among the transactions completed by Babcock Company during November of the current year

Nov $3$ Purchased merchandise on account from Moonlight Co$.,$ list price $$85,000,$ trade discount $25\%,$ terms EOB destination, $2110,\frac{n}{30}$

$4$ Sold merchandise for cash, $$37,680,$ The cost of the goods sold was $$22,600.$

$5$ Purchased merchandise on account from Papoose Creek Co$.,$ $$47,500,$ terms FOB shipping point, $\frac{2}{10},\frac{n}{30},$ with prepaid freight of $$810$ added to the invoice.

$6$ Returned merchandise with an invoice amount of $$13,500($ $$18,000$ list price less trade discount of $25\%)$ purchased on November $3$ from Moonlight $Co.$

$8$ Sold merchandise on account to Quinn $Co,$$$15,600$ with terms $\frac{N}{15}.$ The cost of the goods sold was $$9,400.$

$13$ Paid Moonlight $C{o}_0$ on account for purchase of November $3,$ less return of November $6.$

$14$ Sold merchandise with a list price of $$236,000$ to customers who used VSA and who redeemed $$8,000$ of pointof$-$ sale coupons. The cost of the goods sold was $$140,000.$

$15$ Paid Papoose Creek $C_0,$ 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,$$$56,900,$ terms $\frac{n}{30}.$ The cost of the goods sold was $$34,000.$