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 $93,000, trade discount 30%, terms FOB destination, 2/10, n/30, Sold merchandise for cash, $35,370. The cost of the goods sold was $23,670. Purchased merchandise on account from Papoose Creek Co., $44,400, terms FOB shipping point, 2/10, n/30, with prepaid freight of $810 added to the invoice. Returned merchandise with an invoice amount of $13,300 ($19,000 list price less trade discount of 30%) purchased on November 3 from Moonlight Co. Sold merchandise on account to Quinn Co., $17,080 with terms n/15. The cost of the goods sold was $10,010. 4 01 5 6 8 13 14 15 23 24 28 30 30 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. Sold merchandise with a list price of $246,980 to customers who used VISA and who redeemed $8,000 of pointof- sale coupons. The cost of the goods sold was $152,530 Paid Papoose Creek Co. on account for purchase of November 5. Received cash on account from sale of November 8 to Quinn Co. Sold merchandise on account to Rabel Co., $52,400, terms n/30. The cost of the goods sold was $31,410. Paid VISA service fee of $3,220 Paid Quinn Co. a cash refund of $6,020 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,390. 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 23,000 coupons printed, it is estimated that 55% will be redeemed

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 $93,000, trade discount 30%, terms FOE destination, 2/10, n/30 4 Sold merchandise for cash, $35,370. The cost of the goods sold was $23,670. 5 Purchased merchandise on account from Papoose Creek C0,$44,400, terms FOB shipping.point, 2/10, ni30, with prepaid freight of $810 added to the invoice 6 Returned merchandise with an invoice amount of $13,300 ( $19,000 list price less trade discount of 30% ) purchased on November 3 from Moonlight Co 8 Sold merchandise on account to Quinn C0,$17,080 with terms N15. The cost of the goods sold was $10,010. 13 Paid Moonlight C0, on account for purchase of November 3 , less return of November 6 14 Sold merchandise with a list price of $246,980 to customers who used VISA and who redeemed $8,000 of pointof- sale coupons. The cost of the goods sold was $152,530 15 Paid Papoose Creek Co0 on account for purchase of November 5. 23 Received cash on account from sale of November 8 to Quinn C0. 24 Sold merchandise on account to Rabel C0,$52,400, terms n/30. The cost of the goods sold was $31,410. 28 Paid MSA service fee of $3,220 30 Paid Quinn C0. a cash refund of $6,020 for returned merchandise from sale of November 8 . The cost of the returned merchandise was $3,390. 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 23,000 coupons printed, it is estimated that 55% will be redeemed Chart of Accounts CHART OF ACCOUNIS Babcock Compary General Ledger ASSETS 110 Cash 121 Accounts Recelvable-Ouinn Co. 122 Accounts Recelvable-Rabel Co 125 Notes Recelvabie 130 inventory 131 Estimated Returns Inventory 140 onice Supplies 141 Store Supplies 142 Prepaid insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Deprecistion-Omce Equipment LIABILITIES 211 Accounts Payable-Moonilght co. 212 Accounts Payable.Papoose Creek Co. 216 Salaries Payable 218 Sales Tax Payable REVENUE 410 Sales 610 Interest Revonue EXPENSES 510 Cost of Goods sold 521 Deinery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equpment 525 Depreciation Expense-Once Equipment 526 Salares Expense 531 Rent Expense 533 insurance Expense 534 Store Supplies Expenee 535 Orice Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense 219 Customer Refunds Payable 220 Estimated Coupons Payable 221 Notes Payable EQUITY 310 Common Btock 311 Retained Earnings 312 Dividends 1. Joumanze the November transactions Genetal Journal Gemerar bumatinstostions nar 10 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 $93,000, trade discount 30%, terms FOE destination, 2/10, n/30 4 Sold merchandise for cash, $35,370. The cost of the goods sold was $23,670. 5 Purchased merchandise on account from Papoose Creek C0,$44,400, terms FOB shipping.point, 2/10, ni30, with prepaid freight of $810 added to the invoice 6 Returned merchandise with an invoice amount of $13,300 ( $19,000 list price less trade discount of 30% ) purchased on November 3 from Moonlight Co 8 Sold merchandise on account to Quinn C0,$17,080 with terms N15. The cost of the goods sold was $10,010. 13 Paid Moonlight C0, on account for purchase of November 3 , less return of November 6 14 Sold merchandise with a list price of $246,980 to customers who used VISA and who redeemed $8,000 of pointof- sale coupons. The cost of the goods sold was $152,530 15 Paid Papoose Creek Co0 on account for purchase of November 5. 23 Received cash on account from sale of November 8 to Quinn C0. 24 Sold merchandise on account to Rabel C0,$52,400, terms n/30. The cost of the goods sold was $31,410. 28 Paid MSA service fee of $3,220 30 Paid Quinn C0. a cash refund of $6,020 for returned merchandise from sale of November 8 . The cost of the returned merchandise was $3,390. 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 23,000 coupons printed, it is estimated that 55% will be redeemed Chart of Accounts CHART OF ACCOUNIS Babcock Compary General Ledger ASSETS 110 Cash 121 Accounts Recelvable-Ouinn Co. 122 Accounts Recelvable-Rabel Co 125 Notes Recelvabie 130 inventory 131 Estimated Returns Inventory 140 onice Supplies 141 Store Supplies 142 Prepaid insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Deprecistion-Omce Equipment LIABILITIES 211 Accounts Payable-Moonilght co. 212 Accounts Payable.Papoose Creek Co. 216 Salaries Payable 218 Sales Tax Payable REVENUE 410 Sales 610 Interest Revonue EXPENSES 510 Cost of Goods sold 521 Deinery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equpment 525 Depreciation Expense-Once Equipment 526 Salares Expense 531 Rent Expense 533 insurance Expense 534 Store Supplies Expenee 535 Orice Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense 219 Customer Refunds Payable 220 Estimated Coupons Payable 221 Notes Payable EQUITY 310 Common Btock 311 Retained Earnings 312 Dividends 1. Joumanze the November transactions Genetal Journal Gemerar bumatinstostions nar 10