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The following were selected from among the transactions completed by Babcock Company during November of the current year. Babcock uses the not method under a perpetual Inventory system Nov 4 8 3 Purchased merchandise on account from Moonlight Co., lat price $85,000, tende discount 25%, terms FOB destination, 210, W30 Sold merchandise for cash, $37,680. The cost of the goods sold was $22,600 5 Purchased merchandise on account from Papoose Creek Co., 547,500, torms FOB shipping point. 2110, no, with propaid freight of $310 added to the invoice 6 Returned $13.500 (318,000 ist price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co Sold merchandise on account to Gunn Co., 815,600 with torms 1/16. The cost of the goods sold was $9.400 13 Paid Moonlight Co on account for purchase of November 3, less return of November 6 Sold merchandise on VISA, $230,000. The cost of the goods sold was $100,000 15 Paid Papoose Creek Co. on account for purchase of November 23 Received cash on account from sale of November to Our Co. 24 Sold merchandise on account to Rabel Co. 556,800, terms 180,000. The cost of the goods sold was $34.000 28 Paid VISA Service fee of $3,540. 30 Pald Quinn Co, a cash retund of 50,000 for returned merchandise from sale of November 8, The cost of the returned merchandise was $3,300 14 CHART OF ACCOUNTS Babcock Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 121 Accounts Receivable-Quinn Co. 122 Accounts Receivable-Rabel Co. 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 142 Prepaid Insurance 525 Depreciation Expense-Office Equipment 180 Land 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Moonlight Co. 212 Accounts Payable-Papoose Creek Co. 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Joumalize the transactions. Refer to the Chart of Accounts for exact wording of accounts PGD JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POSTALE DET CREDIT ASSETS HARILITIES EQUITY 2