Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System The following were selected from among the transactions completed by Harrison Company during November of the current year: No 3. Purchased merchandise on account from Moonlight Co., list price $80,000, trade discount 30%, terms FOB destination, 2/10, 1/30 4. Sold merchandise for cash, $39,130. The cost of the merchandise sold was $23,280. 5. Purchased merchandise on account from Papoose Creek Co., $44,400, terms FOB shipping point, 2/10, 1/30, with prepaid freight of $890 added to the invoice 6. Returned $14,000 ($20,000 list price less trade discount of 30%) of merchandise purchased on November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co., $15,000 with terms w/15. The cost of the merchandise sold was $8,780. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6, 14. Sold merchandise on VISA, 5233,170. The cost of the merchandise sold was 5143,490. 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., 557,000, terms 1/10, W30. The cost of the merchandise sold was $36,750. 28. Paid VISA service fee of $3,860 30. Paid Quinn Co. a cash refund of 51,600 for damaged merchandise from sale of November 8. Quinn Co. kept the merchandise Required: the tractions. It an amount box does not require an entry leave Merchandise Inventory Accounts Payable-Moonlight Co. Sales Now 4-CO Cost of Merchandise Sold Merchandise Inventory NONS Merchandise Inventory Accounts Payable-Papoose Creek Co. Nov 6 Accounts Payable-Moonlight Co. Merchandise Inventory Nov. 3-5 Accounts Receivable-Quinn Co. Now, B-cod Cost of Merchandise Sold Merchandise Inventory Nov. 13 Accounts Payable-Moonlight Co. Cash DO DI 00-01 DO 10 DO OD ON OO 00 01 H 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Nov. 14-e Cash Salles Nov. 14-cost Cost of Merchandise Sold Merchandise Inventory Now, 15 Accounts Payable-Papoose Creek Co. Cash Cash Nov. 23 Accounts Receivable Quinn Co. Nov. 24le Accounts Receivable Rabelco Sales how 21-ost Cost of Merchandise Sold Merchandise Inventory Credit Card Expense Nov. 30 Customer Refunds Payable OMW