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 $77,000, trade discount 30%, terms FOB destination, 2/10, n/30. 4. Sold merchandise for cash, $37,810. The cost of the goods sold was $23,500. 5. Purchased merchandise on account from Papoose Creek Co., $48,400, terms FOB shipping point, 2/10, n/30, with prepaid freight of $760 added to the invoice. 6. Returned $11,900 ($17,000 list price less trade discount of 30%) of merchandise purchased on November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co., $15,010 with terms n/15. The cost of the merchandise sold was $10,300. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $233,620. The cost of the goods sold was $143,600. 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., $62,500, terms 1/10, n/30. The cost of the goods sold was $36,250. 28. Paid VISA service fee of $3,570. 30. Paid Quinn Co. a cash refund of $5,730 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,260, Required: Journalize the transactions. Nov. 3 Nov. 4-sale