Prepore journsl emtries to record each of the following transactions of a merchandising company. The companyuses a perpetusl inventory system and the gross method cated neventer: 5 . Sonsmber 7 Metsmed th defective units froe the movenber s purchase acd received full eredit. Journal entry worksheet Purchased 950 unis ef product at a cost of $12 per unit. Terms of the sale are 510. Nise, the invoice is eated november 5