Journalize the following transactions for the buyer, Taylor Company, using the net method to account for purchase discounts. Assume a perpetual inventory system. November 1 Purchased goods from Goldmark Company on account, $5,000, terms 2/10, n/30. November 7 Returned defective merchandise to Goldmark Company that was previously purchased on account, $1,050. November 12 Paid the amount due to Goldmark Company.