Journalize the following transactions for Bridgeport Audio. Bridgeport Audio , Inc., that occurred during the month of November.assuming the "net" method is used. Bridgeport Audio Bridgeport Audio 's cost of inventory is 55% percent of the sales price.

NovNov	3		Sold 2,400 of merchandise on account, terms 44 /15, n/45, FOB shipping point.Bridgeport Audio Bridgeport Audio , Inc., prepaid $ 90 of shipping costs and added the amount to the customer's invoice.
	7		Issued a credit memo to the customer acknowledging the return of $ 400 (sales price) of unwanted goods.
	16		Received payment in full from the customer for the November 3 invoice.