The following were selected from among the transactions completed by Harrison Company during November of the current year: Nov. 3 4 5 8 8 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 merchandise sold was $22,500. Purchased merchandise on account from Papoose Creek Co., 543.450, terms FOB shipping point, 2/10,n/30, with prepaid freight of $800 added to the invoice. Returmed $15.000 (S20,000 ist price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. Sold merchandise on account to Quinn Co.. 515.810 with terms n/15. The cost of the merchandise sold was $10,020 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. Sold merchandise on VISA, 5239,690. The cost of the merchandise sold was $129,230. Paid Papoose Creek Co. on account for purchase of November 5. Received cash on account from sale of November 3 to Quinn Co. Sold merchandise on account to Rabel Co., $54,200, terms 1/10, n/30. The cost of the merchandise sold was $33.490 13 14 15 23 24 28 Paid VISA service fee of $3,220. 30 Paid Quinn Co. a cash refund of $1.750 for damaged merchandise from sale of November 8. Quinn Co. kept the merchandise Joumalize the transactions Refer to the chart of accounts for the exact wording of the account titles. CNOW joumais do not use lines for journal explanations. Every line on a joumal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. CREDIT ASSETS LIABILITIES EQUITY DEBIT 70,500.00 : Nov 3 1 Merchandise Inventory Accounts Payable-Moonlight Co. 2 70,500.00 Nox 4 Cash 4 Sales 5 Nox 5 Merchandise Inventor 7 9 Accounts Payable-Papoose Creek Co. Nov 6 Accounts Payable-Moonlight Co. Merchandise Inventory Nov. 8 Accounts Receivable-Quinn Co. Sales Nov 8 Cost of Merchandise Sold Merchandise Inventory Nov. 13 Accounts Payable-Moonlight Co. 10 12 Journal 14 Cash 16 Merchandise Inventory Nov. 14 Cost of Merchandise Sold Merchandise Inventory Nov. 15 Accounts Payable-Papoose Creek Co. 17 16 Cash 20 21 Merchandise Inventory Nov.23 Cash Accounts Receivable-Quinn Co. Nov. 24 Accounts Receivable-Rabel Co. 22 23 24 25 26 Sales Nov.24 Cost of Merchandise Sold Merchandise Inventory Nov.28 Credit Card Expense Cash Nov. 30 Customer Refunds Payable 27 28 29 30 Cash 31