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 $10 per unit. Terms of the sale are 3/10, 1/68; 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. View transaction list Journal entry worksheet 1 2 3 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. Note:Unter debit before credits Date General Journal Nov 05 Debit Credit Record entry Clear entry View general Journal 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 8se units of product at a cost of $10 per unit. Terns of the sale are 3/10, n/6e; the invoice is dated November Nov. 7 Returned 3e defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, sinus the return on November 7 5. View transaction list Journal entry worksheet 3 > Returned 30 defective units from the November 5 purchase and received full credit Note: Enter debits before credits General Journal Date Nov 07 Debit Credit Record entry Clear entry View general Journal 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 858 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November Nov. 7 Returned 30 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due fron the November 5 purchase, minus the return on November 7. 5. View transaction list Journal entry worksheet Paid the amount due from the November 5 purchase, minus the return on November 7. Note: er det before credits General Journal Date Nov 15 Debit Credit Record entry Clear entry View general journal