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 $89,000, trade discount 30%, terms FOB destination, 2/10, n/30. Sold merchandise for cash, $38,210. The cost of the goods sold was $20,810. Purchased merchandise on account from Papoose Creek Co., $51,550, terms FOB shipping point, 2/10, n/30, with prepaid freight of $730 added to the invoice. 4 5 6 8 13 14 15 23 24 28 30 30 Returned merchandise with an invoice amount of $14,000 ($20,000 list price less trade discount of 30%) purchased on November 3 from Moonlight Co. Sold merchandise on account to Quinn Co., $15,010 with terms n/15. The cost of the goods sold was $10,190. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. Sold merchandise with a list price of $231,570 to customers who used VISA and who redeemed $7,300 of pointof- sale coupons. The cost of the goods sold was $142,060. Paid Papoose Creek Co. on account for purchase of November 5. Received cash on account from sale of November 8 to Quinn Co. Sold merchandise on account to Rabel Co., $54,800, terms n/30. The cost of the goods sold was $33,850. Paid VISA service fee of $3,580. Paid Quinn Co. a cash refund of

$6,420 for retu of the returned merchandise was $3,140. During November, printed a coupon with each customer's sales receipt for $2 off the customer's next merchandise from sale of November The cost

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 $89,000, trade discount 30%, terms FOB destination, 2/10, n/30. 4 Sold merchandise for cash, $38,210. The cost of the goods sold was $20,810. 5 Purchased merchandise on account from Papoose Creek Co., \$51,550, terms FOB shipping point, 2/10,n/30, with prepaid freight of $730 added to the invoice. 6 Returned merchandise with an invoice amount of $14,000($20,000 list price less trade discount of 30% ) purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co, $15,010 with terms n/15. The cost of the goods sold was $10,190. 13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14 Sold merchandise with a list price of $231,570 to customers who used VISA and who redeemed $7,300 of pointof-sale coupons. The cost of the goods sold was $142,060. 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$54,800, terms n/30. The cost of the goods sold was $33,850. 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 $3,140. 30 During November, printed a coupon with each customer's sales receipt for $2 off the customer's next $10,190. 13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14 Sold merchandise with a list price of $231,570 to customers who used VISA and who redeemed $7,300 of pointof-sale coupons. The cost of the goods sold was $142,060. 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 ,$54,800, terms n/30. The cost of the goods sold was $33,850. 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 $3,140. 30 During November, printed a coupon with each customer's sales receipt for $2 off the customer's next purchase of over $15. The coupons may be redeemed during December. Of the total of 25,000 coupons printed, it is estimated that 55% will be redeemed. Required: 1. Journalize the November transactions. 2. Assume that as of December 31,10,100 of the $2-off coupons issued during November had been redeemed by customers. Journalize the entry for the remaining unredeemed coupons