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 s Purchased 1,150 units of product at a cost of $10 per unit. Terms of the sale are 3/10, 1/60) the invoice is dated Novenber Nov 7 Returned 30 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November 7. Nov . 5. View transaction list Journal entry worksheet 3 Paid the amount due from the November 5 purchase, minus the return on November Note Enter debits before cred