Jane's Merchandising company uses a perpetual inventory system. Prepare journal entries to record each of the following transactions. Nov. 5 Purchased 1,250 units of product at a cost of $20 per unit. Terms of the sale are 5/10, n/60; the invoice is dated November 5. Nov. 7 Returned 40 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November 7. View transaction list Journal entry worksheet 1 2 3 > Purchased 1,250 units of product at a cost of $20 per unit. Terms of the sale are 5/10, n/60; the invoice is dated November 5. Note: Enter debits before credits. Date General Journal Debit Credit Nov 05 Record entry Clear entry View general journal Nov. 5 Purchased 1,250 units of product at a cost of $20 per unit. Terms of the sale are 5/10, n/66 5. Nov. 7 Returned 40 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November 7. View transaction list > 1 Purchased 1,250 units of product at a cost of $20 per unit. Terms of the sale are 5/10, n/60; the invoice is dated November 5. he sale 2 Returned 40 defective units from the November 5 purchase and received full credit. 3 Paid the amount due from the November 5 purchase, minus the return on November 7. Credit Note : = journal entry has been entered Record entry Clear entry View general journal