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 merchandise 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 $14,000 ($20,000 list price less trade discount of 30%) of merchandise 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 merchandise sold was $10,190.

13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6.

14 Sold merchandise on VISA, $231,570. The cost of the merchandise 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 1/10, n/30. The cost of the merchandise 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.