Questions:Transaction list1- Purchased 1,050 units of product at a cost of $16 per unit. Terms of the sale are 4/10, n/60; the invoice is dated Nov 52- returned 50 defective units from the November 5 purchase and received full credit3- paid the amount due from the November. 5 purchase, minus the return on November 7

Check my work Prepare journal entries to record each of the following transactions of a merchandising company. Ine company uses a perpetual inventory system and the gross method. Nov. 5 Purchased 1,050 units of product at a cost of $16 per unit. Terms of the sale are 4/10, n/60; the invoice is dated November 5. Nov. 7 Returned 50 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 2 3 Purchased 1,050 units of product at a cost of $16 per unit. Terms of the sale are 4/10, n/60; the invoice is dated November 5. Note: Enter debits before credits. Date General Journal Debit Credit Nov 05