The following were selected trom among the transactions completed by Babcock Compary during November of the current year. Babcock uses the net mathod under a perpetual inventory system. Nov. 3 Purchased meschandise on account trom Moonight Co., lst price $94,000, trade discount 25\%, terms EOB desingtion, 210, n30. 4 Sold merchandise for cash, $35,040. The cost of the goods sold was $20,610. 5 Purchesed mecchandise on account from Papoose Creek Co. \$50,800, terms FOE shiaping ooint. 2/10,n30, with prepaid freight of $850 added to the irmaice. 6 Petumed $12,000($16,000 list price less trade discount of 25% ) of merchandse purchased on November 3 from Moonlight Co. 8 Sold merchandse on account to Quinn Co., \$14,030 with terms n/15. The cost of the goods sold was 59,130 . 13 Paid Moonlight Co. on account for purchase of Novernber 3, less return of November 6 . 14 Sold merchandise on VISA, $243,720. The cost of the goods sold was $148,260. 15 Paid Papoose Creek Co. on account tor purchase of November 5. 23 Recoivod cash on acoount from sele of Noverbber 8 to Quinn Co. 24 Sold merchandise on account to Rabel Co., $52,500, terms 1/10, n/30. The cost of the goods sold was $36,660, 28 Paid VISA service fece of $3,750. 30 Paid Quinn Co. a cash retund of \$8,510 tor retumed merchandlie from sale of November 8 . The cost of the returned merchandise was $3,450. vournalize the transactions. Refer to the Chart of Accounts for exact wording of account tites