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 $88,000, trade discount 20\%, terms FOB destination, 2/10,n/30. 4 Sold merchandise for cash, $41,250. The cost of the goods sold was $22,250. 5 Purchased merchandise on account from Papoose Creek Co., \$43,700, terms FOB shipping point. 2/10,n/30, with prepaid freight of $840 added to the invoice. 6 Retumed $13,600($17,000 list price less trade discount of 20%) of merchandise purchased on November 3 trom Moonlight Co. 8 Sold merchandise on account to Quinn Co., $16,100 with terms n/15. The cost of the goods sold was $9,440 13 Paid Moonlight Co, on account for purchase of November 3, less return of November 6. 14 Sold merchandise on VISA, $226,120. The cost of the goods sold was $135,430. 15 Paid Papoose Creek Co. on account for purchase of November 5. 23 Recelved cash on account from sale of November 8 to Quinn Co. 24 Sold merchandise on account to Rabel Co., $60,700, terms 1/10,n/30. The cost of the goods sold was $33,120. 28 Paid VISA service fee of $3,580. 30 Paid Quinn Co. a cash refund of $6,420 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,010. ournalize the transactions. Refer fo the Chart of Accounts for exact wording of account titles. Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Instructions Chart of Accounts Journal \begin{tabular}{|l|} \hline Instruction \\ Journal \end{tabular} s 6 7 8 9 10 11 12 13 14 Instructions Chart of Accounts Journal Instructions Chart of Accounts Journal Instructions Journal is 26 23 28 w. o 31 17 3s H