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 $1,450$ units of product at a cost of $$40$ per unit. Terms of the sale are $\frac{3}{10},\frac{n}{60}$; the invoice is dated November $5.$

November $7$ Returned $30$ 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 $7.$

$$

$$

$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[i,1,$November $05,$Merchandise inventory,$58,000,],[,,$Accounts payable,$,5,800],[i,2,$November $07,$Accounts payable,$1,200,],[,,$Merchandise inventory,,$1,200],[i,3,$November $15,$Accounts payable,$57,880,],[,,$Cash,,$57,880]]$