K Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System 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 $78,000, trade discount 30%, terms FOB destination, 2/10, n/30. 4. Sold merchandise for cash, $40,260. The cost of the goods sold was $20,490. 5. Purchased merchandise on account from Papoose Creek Co., $45,400, terms FOB shipping point, 2/10, n/30, with prepaid freight of $840 added to the invoice. 6. Returned $14,000 ($20,000 list price less trade discount of 30%) of merchandise purchased on November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co., $16,360 with terms n/15. The cost of the merchandise sold was $9,900. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $244,700. The cost of the goods sold was $139,840. 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., $52,100, terms 1/10, n/30. The cost of the goods sold was $35,250. 28. Paid VISA service fee of $3,790. 30. Paid Quinn Co. a cash refund of $5,960 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,230. Required: Journalize the transactions.

Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System The following were selected from among the transactions completed by Babcock Company during November of the current yesr: Nov. 3. Purchased merchandise on account from Moonlight Co., list price $78,000, trade discount 30%, terms FOB destination, 2/10,0/30. 4. Sold merchandiso for cash, $40,260. The cost of the goods sold was $20,490. 5. Purchased merchandise on account from Papoose Creek CO., 545,400 , terms FOB shipping point, 2/10,N/30, with prepaid freight of sa40 added to the invoice: 6. Returned $14,000 ( $20,000 list price less trade discount of 30\%) of merchandise purchased on November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co, $16,360 with terms N/15. The cost of the merchandse sold was $9,900. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $244,700. The cost of the goods sold was $139,840. 15. Paid Papoose Creek C0. an account for purchase of November 5. 23. Received cash on account from sole of November 8 to Quinn Co. 24. Sold merchandise on account to Rabel Co., $52,100, terms 1/10,n/30. The cost of the goods sold was $35,250. 28. Poid VISA service fee of $3,790. 30. Pald Quinn Co, a cash refund of $5,960 for returned merchandise from sale of November 6 . The cost of the retumed merchandise was $3,230. Required