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. Babcock uses the net method under a perpetual inventory system Nov. 3 Purchased merchandise on account from Moonlight Co., list price $93,000, trade discount 30% terms FOB destination, 2/10, n/30. 4 Sold merchandise for cash, $35,370. The cost of the goods sold was $23,670. 5 Purchased merchandise on account from Papoose Creek Co., $44,400, terms FOB shipping point, 2/10, n/30, with prepaid freight of $810 added to the invoice. 6 Returned $13,300 (519,000 list price less trade discount of 30%) of merchandise purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co., $17,080 with terms n/15. The cost of the goods sold was $10,010 13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14 Sold merchandise on VISA, 5246,980. The cost of the goods sold was $152,530. 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., $52,400, terms 1/10, n/30. The cost of the goods sold was $31.410 28 Paid VISA service fee of $3,220. 30 Paid Quinn Co. a cash refund of $6.020 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3.390. Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles CHART OF ACCOUNTS Babcock Company General Ledger REVENUE 410 Sales ASSETS 110 Cash 121 Accounts Receivable-Quinn Oo. 122 Accounts Receivable-Rabel Oo. 610 Interest Revenue 125 Notes Receivable EXPENSES 510 Cost of Goods Sold 130 Inventory 131 Estimated Returns Inventory 521 Delivery Expense 522 Advertising Expense 140 Office Supplies 141 Store Supplies 524 Depreciation Expense-Store Equipment 142 Prepaid Insurance 525 Depreciation Expense-Office Equipment 526 Salaries Expense 180 Land 531 Rent Expense 533 Insurance Expense 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 534 Store Supplies Expense 535 Office Supplies Expense 586 Credit Card Expense LIABILITIES 539 Miscellaneous Expense 710 Interest Expense 211 Accounts Payable-Moonlight Co. 212 Accounts Payable-Papoose Creek Co. 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Journal Journalize the transactions. Refer to the Chart Accounts for exact wording of account titles. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT 45SETS LIABILITIES EQUITY 1 5 6 7 8 9 10 12 13 14 15 15 18 $1 6 20 22 23 +7 28 29 30