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. Novenber 5 Purchased 1,450 units of product at a cost of $40 per unit. Terms of the sale are 3/10, n/60; the invoice is dated Novenber 5 . Novenber 7 Returned 30 defective units fron the Novenber 5 purchase and recelved full credit. November-15 Paid the anount due from the Novenber 5 purchase, ninus the return on Novenber 7. Journal entry worksheet Purchased 1,450 units of product at a cost of $40 per unit. Terms of the sale ore 3/10,n/60; the involce is dated November 5 . Note: Fnter debins before credits