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Record the following transactions in the general journal. The company uses perpetual inventory. Eliminate explanations. When completed, upload your file using pdf or doc only

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Record the following transactions in the general journal. The company uses perpetual inventory. Eliminate explanations. When completed, upload your file using pdf or doc only to this problem. Nov 1 Purchased merchandise for $1,500 on credit with terms of 2/5, n/30, FOB shipping point; invoice dated November 1. 5 Returned $200 of defective merchandise purchased on November 1. 7 Paid cash for the November 1 purchase. 10 Paid $90 cash for transportation cost from the November 1 purchase. 13 Sold merchandise for $1,600 on credit. The cost of the merchandise is $800 Granted credit to customer from November 13 transaction. The 16 returned items are priced at $300 and the cost is $130; the items were not damaged and were returned to inventory

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