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The following were selected from among the transactionscompleted by Babcock Company during November of the currentyear: 3 Purchased merchandise on account from Moonlight Co., list

The following were selected from among the transactionscompleted by Babcock Company during November of the currentyear: 3 Purchased merchandise on account from Moonlight Co., list price \( \$ 85,000 \), \( 25 \% \), terms FOB destination, \( 2 / 10, n / 30 \). 4 Sold merchandise for cash, \( \$ 37,680 \). The cost of t 2 answers

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