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 $92,000, trade discount 25%, terms FOB destination, 2/10, n/30. 4. Sold merchandise for cash, $41,060. The cost of the goods sold was $22,860 5. Purchased merchandise on account from Papoose Creek Co., $51,950, terms FOB shipping point,2/10, n/30, with prepaid freight of $860 added to the invoice. 6. Returned $15,000 ($20,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co., $15,910 with terms n/15. The cost of the merchandise sold was $9,960. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $221,080. The cost of the goods sold was $127,210 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., $52,300, terms 1/10, n/JO. The cost of the goods sold was $37,010. 28. Paid VISA service fee of $3,420 0. Paid Quinn Co. a cash refund of $5,470 for returned merchandise from sale of November 8 merchandise was $3,270 . The cost of the returned Required Journalize the transactions