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. Nov. S Purchased 85e units of product at a cost of $10 per unit. Terms of the sale are 3/10, 1/60; the invoice is dated November 5. Nov. 7 Returned 3e defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the Novenber 5 purchase, minus the return on November 7. 28.10 View transaction list Journal entry worksheet Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, 1/60; the invoice is dated November 5. Note: Enter debits before credits General Journal Debit Credit Date Nov 05 Sub 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. Nov. 5 Purchased 850 units of product at a cost of $ie per unit. Terms of the sale are 3/10, 1/60; the invoice is dated November 5. Nov. 7 Returned se 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. View transaction ist Journal entry worksheet 1 3 Returned 30 defective units from the November 5 purchase and received full credit. Note: Enter debits before credits General Journal Debit Credit Date Nov 07 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. Nov. S Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November 5. 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. 27:02 View transaction list Journal entry worksheet 2 Paid the amount due from the November 5 purchase, minus the return on November 7. Note: Enter debits before credits Debit Credit General Journal Date Nov 15