Nov.		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.		7		Returned 50 defective units from the November 5 purchase and received full credit.
Nov.		15		Paid the amount due from the November 5 purchase, less the return on November 7.

6 Prepare journal entries to record each of the merchandising transactions assuming that the company records p gross method and a periodic inventory system Nov.5 Purchased 1,350 units of product at a cost of $20 per unit. Terms of the sale are 4/10, n/60 Nov. 7 Returned 50 defective units from the November 5 purchase and received full credit. dated November 5 4 points Nov. 15 Paid the amount due from the November 5 purchase, less the return on November 7. View transaction list 00:28:05 Journal entry worksheet 2 3 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 Note: Enter debits before credits. Date General Journal Debit Credit Nov 05 Record entry Clear entry View general journal