Study i Saved Help Save Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Nov. 5 Purchased 450 units of product at a cost of $10 per unit. Terms of the sale are 4/10, 1/60; the invoice is dated November Nov. 7 Returned 35 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, less the return on November 7 View transaction list Journal entry worksheet 23 Purchased 450 units of product at a cost of $10 per unit. Terms of the sale are 4/10, n/60; the invoice is dated November 5. Note: Enter debits before credits. General Journal Debit Date Nov 05 Credit o $ w * N Study Served Journal entry worksheet Returned 35 defective units from the November credit. and received full Note: Enter debits before credits General Journal Debit Date Nov 07 Credit Record entry Clear entry View general journal Search o Sw* N92 ly Seved ViewsGCHST Journal entry worksheet Paid the amount due from the November 5 purchase, less the return on November 7. Note: Enter debits before credits General Debit Credit Date Nov 15 Record entry Clear entry View general journal Next >