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. 2. Purchased merchandise on account from Moonlight Co., list price $85,000, trade discount 25%, terms FOB destination, 2/10, 1/30. 4. Sold merchandise for cash, $34,080. The cost of the goods sold was $21,050 S. Purchased merchandise on account from Papoose Creek Co., $50,800, terms FOB shipping point, 2/10, 1/30, with prepaid freight of $840 added to the invoice 6. Returned $12,000 ($16,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. 3. Sold merchandise on account to Quinn Co. $16,880 with terms 1/1s. The cost of the merchandise sold was $9,870. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA $235,560. The cost of the goods sold was $151,770, 15. Paid Papoose Creek Co. on account for purchase of November 5. 22. Received cash on account from sale of November 8 to Quinn Co. 24. Sold merchandise on account to Rabel Co, 561,400, terms 1/10, 1/30. The cost of the goods sold was $35,790. 28. Paid VISA Service fee of $3,690. 30 Paid Quinn Co. a cash refund of $6,560 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,030. Journalize the transactions. Nov. 3 Nov. 4-sale 1 DU 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 0 0 0 0 0 0 Nov. 30-cost