The following were selected from among the transactions completed by Babcock Company during November of the current year. Babcock usest method under a perpetual inventory system. Nov. 4 5 3 Purchased merchandise on account from Moonlight Co., list price $94,000, trade discount 25%, terms FOB destination, 2/10, n/30. Sold merchandise for cash, $37,230. The cost of the goods sold was $22,500. Purchased merchandise on account from Papoose Creek Co., $48,450, terms FOB shipping point, 2/10, 1/30, with prepaid freight of $800 added to the invoice. Returned $15,000 ($20,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. Sold merchandise on account to Quinn Co., $15,810 with terms n/15. The cost of the goods sold was $10,020 6 8 6 8 13 14 Returned $15,000 ($20,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. Sold merchandise on account to Quinn Co., $15,810 with terms n/15. The cost of the goods sold was $10,020 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. Sold merchandise on VISA, S239,690. The cost of the goods sold was $129,230. 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., $54,200, terms 1/10, n/30. The cost of the goods sold was $33,490 Paid VISA service fee of $3,220. 15 23 24 28 30 Paid Quinn Co, a cash refund of $6.330 for returned merchandise from sale of November 8. The cost of Shaded cells have feedback. Journal o JOURNAL Score: 395/426 ACCOUNTING EC DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES 1 70,500.00 1 2 Nov. 3. Inventory Accounts Payable-Moonlight Co. Nov. 4 Cash 70,500.00 1 3 37,230.00 f 4 37,230.00 5 22,500.00 Sales Nov. 4' Cost of Goods Sold Inventory Nov.5 Inventory 6 22,500.00 + 7 49,250.00 1 8 Accounts Payable-Papoose Creek Co. 49,250.00 1 Accounts Payable-Papoose Creek Co. 49,250.00 9 Nov. 6 Accounts Payable-Moonlight Co. 15,000.00 10 15,000.00 11 15,810.00 1 12 15,810.00 13 Inventory Nov. 8 Accounts Receivable-Quinn Co. Sales Cost of Goods Sold Inventory Nov. 13 Accounts Payable-Moonlight Co. Cash 10,020.00 14 10,020.00 15 55,500.00 16 54,390.00 1 17 Nov. 14 Cash 239,690.00 t AAAA 16 Cash 54,390.00 17 Nov. 14 Cash 239,690.00 1 18 Sales 239,690.00 19 Cost of Goods Sold 129,230.00 20 129,230.00 + Inventory Nov. 15 Accounts Payable-Papoose Creek Co. 21 49,250.00 + 22 Cash 48,450.00 23 Nov. 23 Cash 15,810.00 1 24 Accounts Receivable-Quinn Co. 15,810.00 + 25 Nov.24 Accounts Receivable-Rabel Co. 54,200.00 1