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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. Nov. 5 Purchased 900 units of product at a cost of $10 per unst. Terms of the sale are 4/10, n/60 the invoice Nov. 7 Returned 35 defective units from the sovember 5 purchase and received full credit. Nov. 15 Paid the anount due fron the Novenber 5 purchase, less the return on veber 7 dated Sovember 5. View transaction list Journal entry worksheet Purchased 900 units of product at a cost of $10 per unit. Terms of the sale are 4/10, n/60; the invoice is dated November 5. Note: Encer debits before credrs Date General Journal Debit Credit Nov 05