Nov$\mathrm{.}5$Purchased $1,350$ units of product at a cost of $$20$ per unit. Terms of the sale are $4/10,$ n$/60$; the invoice is dated November $5.$Nov$\mathrm{.}7$Returned $50$ defective units from the November $5$ purchase and received full credit.Nov$\mathrm{.}15$Paid the amount due from the November $5$ purchase, less the return on November $7.$ Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual inventory system and the gross method.

November $5$ Purchased $1,350$ units of product at a cost of $\backslash (\backslash$$ $20\backslash )$ per unit. Terms of the sale are $\backslash (4/10\backslash ),\backslash ($ n $/60\backslash )$; the invoice is dated November $5.$

November $7$ Returned $50$ defective units from the November $5$ purchase and received full credit.

November $15$ Paid the amount due from the November $5$ purchase, minus the return on November $7.$

Answer is complete but not entirely correct.