Please prepare journal entries for the following November transactions Nov 2 Purchased merchandise on account from Taylor Co. $10,000 (fob shipping point, 2/10,n/30) 3 Paid freight charges of $200 on purchase from Taylor Co. 10 Purchased supplies S500 for cash. 12 Paid Taylor Co. 14 Sold $4000 of merchandise to ABC Co. Cost of merchandise sold was $1500. (fob destination, 2/10,0/30) 15 Paid freight on shipment to ABC Co. $75. 16 Purchased merchandise on account from Bosco Co. $8,000. (2/10,n/30, fob destination). 18 Returned $500 of merchandise to Bosco Co. 20 Sold 56000 of merchandise to XYZ Co. (1/10,n/30). Cost of merchandise. sold was $ 2500. 22 Received retum of $600 of merchandise sale of Nov. 204, (cost of merchandise returned $250) 26 Paid amount owed on purchase from Bosco Co. 30 Collected amount due from sale to XYZ Co