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 $1,300$ units of product at a cost of $$20$ per unit. Terms of the sale are $3/10,$ n$/60$; The invoice is dated November $5.$

November $7$ Returned $45$ 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 $7.$

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$\backslash$ table$[[,$No$,$Date,General Journal,Debit,Credit$],[$l$,1,$November $05,$Merchandise inventory,$26,000,],[,,$Accounts payable,,$26,000],[i,2,$November $07,$Accounts payable,$500,],[,,$Merchandise inventory,,$500],[$i$,3,$November $15,$Accounts payable,$25,500,],[,,$Merchandise inventory,,$7,650],[,,$Cash,,$25,000]]$