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Iollowing were selected from among the transiactions completed by Babcock Company during November of the current year: Nov 3. Purchased merchandise on account from Moonlight

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Iollowing were selected from among the transiactions completed by Babcock Company during November of the current year: Nov 3. Purchased merchandise on account from Moonlight Co, list price $94,000, trade discount 25%, terms EOB destination, 2/10, r/so 4 Sold merchandise for cash, $35,040 The cost of the gogds sold was $20,610 5 Purchased merchandise on account from Papoose Greek Co, $50,000, terms FOB shoping point: 2/10,n/30, with prepaid freight of $950 added to the invoice 6. Retumed merchandise with an imuce amount of $12,000 ( $16,000 list price less trade discount of 25\%) purchased on November 3 from Moonight Co 3. Sold merchandise on account to Diinn Co $14030 with terns n/is. The cost of the goods sold was 89,130 13. Paid Moonlight Co0 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 pointat-sale coupons The cost of the goods sold was $148,200. 15. Pad Papoose Creek Co on account for purchase of Nowember 5 23. Received cast on account from sale of November 8 to Quinn Co 24. Sold merchandise on account to Rabel Co, 352,500 , terms no0. The cost of the poods sold was $30,000 23. Paid visa service fee of $3,750 30 Pud Quinn Co a cast refund of $9,510 or returned merchandise from fale of November 8 . The cost of the retumed merchandiso was $3,450 30. Diana November printed a cocinon with each custorner's sales receipt for $2 olf the customer's next 13 Pad Moonight Co0 on account for purchase of November 3 , less return of November 6 14. Sold merchandise with it list price of $243,720 to customers who tised visA and who rodecmed $7,100 of pointof-sale coupons The cost of the goods sold was $148,260 15 Paid Papoose Creek Co on account for purchase of November 5. 23 Received cash on account from sale of November 8 to Ouinn Co 24 Sold merchandise on account to Rabel C0,$52,500, terms n/30. The cost of the goods sold was. $36,660 28 Paid WSA service fee of $33,750 30 Paid Quinn Co, a cash refund of $6,510 for rehumed 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 custorner's next purchase of over $15 The coupons may be redeemed during December of the fotal 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-off coupons issued during November had been rodeemed by custorners. Joumaine the entry for the remaining unredeemed coupons

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