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Sales - Related and Purchase - Related Transactions Using Perpetual Inventory System The following were selected from among the transactions completed by Babcock Company during

Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System
The following were selected from among the transactions completed by Babcock Company during November of the current year:
Nov. 3. Purchased merchandise on account from Moonlight Co., list price $83,000, trade discount 25%, terms FOB destination, 210,n30.
4. Sold merchandise for cash, $37,150. The cost of the goods sold was $24,090.
5. Purchased merchandise on account from Papoose Creek Co., $45,250, terms FOB shipping point, 210,n30, with prepaid freight of $780 added to the invoice.
6. Returned $14,250( $19,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co.
8. Sold merchandise on account to Quinn Co., $17,100 with terms n/15. The cost of the merchandise sold was $8,820.
13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6.
14. Sold merchandise on VISA, $245,360. The cost of the goods sold was $130,400.
15. Paid Papoose Creek Co. on account for purchase of November 5.
23. Received cash on account from sale of November 8 to Quinn Co.
24. Sold merchandise on account to Rabel Co., $51,700, terms 110,n30. The cost of the goods sold was $34,660.
28. Paid VISA service fee of $3,900.
30. Paid Quinn Co. a cash refund of $6,410 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,330.
Required:
Journalize the transactions.
Nov. 3
Nov. 4-sale
Nov. 4-cost
Nov. 5
Nov. 6
Nov. 8
Nov. 8
Nov. 13
Nov. 14-sale
Nov. 14-cost
Nov. 15
Nov. 23
Nov. 24-sale
Nov. 24-cost
Nov. 28
Nov. 30-refund
Nov. 30-cost
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