Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual inventory systen and the gross method Nov. 5 Purchased 600 units of product at a cost of $18 per unit. Terms of the sale are 2/10, n/60; th Nov. 7 Returned 25 defective units from the November 5 purchase and received full credit. invoice is dated November 5. Nov. 15 Paid the amount due from the November 5 purchase, less the return on November 7. View transaction list Journal entry worksheet 2 Purchased 600 units of product at a cost of $10 per unit. Terms of the sale are 2/10, n/60; the invoice is dated November 5 Note: Enter debits before credits. Date Nov 05 General Journal DebitCredit Journal entry worksheet 2 Purchased 600 units of product at a cost of $10 per unit. Terms of the sale are 2/10, n/60; the invoice is dated November 5. Note: Enter debits before credits. Date Nov 05 General Journal Debit Credit Record entry Clear entry View general journal