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 $91,000, trade discount 25%, terms FOB destination, 2/10, n/30. 4. Sold merchandise for cash, $35,900. The cost of the goods sold was $24,610. 5. Purchased merchandise on account from Papoose Creek Co., $51,700, terms FOB shipping point, 2/10, n/30, with prepaid freight of $790 6. Returned $14,250 ($19,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co., $14,290 with terms n/15. The cost of the merchandise sold was $9.080. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $213,340.The cost of the goods sold was $139,850. 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., $61,500, terms 1/10, n/30. The cost of the goods sold was $37,210. 28. Paid VISA service fee of $3,350. 30. Pald Quinn Co. a cash refund of $6,520 for returned merchandise from sale of lovember 8. The cost of the returned merchandise was $3,4 Required: Journalize the transactions. Nov. 3 O e Calculator Nov. 4-sale Nov. 4-cost Nov. 5 Nov. 6 Nov. 8 Nov. 8 Nov. 13 Nov. 14-sale Calculator Nov. 14-cost Nov, 15 Nov. 23 Nov. 24-sale Nov. 24-cost Nov. 28 Nov. 30-refund Nov. 30-cost