Jornalize the November transactions

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 593,000 , trade discount 30%, terms FOB 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 Co,$44,400, terms FOB shipping.point. 2/10,n/30, with prepaid freight of $810 added to the involice. 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 co. $17,080 with terms n/15. The cost of the goods sold was. $10,010. 13 Paid Moonlight Co on account tor 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 Co. 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., $52,400, terms n/30. The cost of the goods sold was $31,410. 28 Paid VISA service fee of $3,220. 30 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. 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. 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 Co. 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., $52,400, terms n/30. The cost of the goods sold was $31,410. 28 Paid VISA service fee of $3,220. 30 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. 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. 28 Paid VISA service fee of $3,220 30 Paid Quinn Co. a cash refund of $6,020 for refurned 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% wil be redeemed. Required: 1. Journaize the November transactions. 2. Assume that as of December 31,10,300 or the \$2-aff coupons issued duning November had been redeemed by customers. Joumalize the entry for the remaining unredeemed coupons