Suppose that Carlos Fuentes Co. records the events for November 2020. The shop prefers to use perpetual inventory method. Record the transactions below in a general journal form. (Please use following table to record transactions) 1) Nov. 1 Issued $16,000 of common stock to investors. 2) Nov. 2 Purchased $12,500 of merchandise on account with the terms 2/10, n/30. 3) Nov. 3 Sold merchandise that cost $9,000 for $17,000 on account with the terms 1/10, n/30. 4) Nov. 4 Returned $2,250 of defective merchandise from the Nov. 2 purchase. 5) Nov. 5 Paid freight of $200 on goods sold to customers shipped FOB destination. 6) Nov. 10 Paid the amount due on the merchandise purchased on Nov. 2. 7) Nov. 12 Received cash from customers in settlement of the Nov. 3 sale. No Title Debit Credit