Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System

The following were selected from among the transactions completed by Babcock Company during November of the current year:

Nov. 3.	Purchased merchandise on account from Moonlight Co., list price $91,000, trade discount 25%, terms FOB destination, 2/10, n/30.
4.	Sold merchandise for cash, $35,390. The cost of the goods sold was $24,060.
5.	Purchased merchandise on account from Papoose Creek Co., $51,900, terms FOB shipping point, 2/10, n/30, with prepaid freight of $840 added to the invoice.
6.	Returned $12,750 ($17,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co.
8.	Sold merchandise on account to Quinn Co., $15,930 with terms n/15. The cost of the merchandise sold was $10,050.
13.	Paid Moonlight Co. on account for purchase of November 3, less return of November 6.
14.	Sold merchandise on VISA, $257,700. The cost of the goods sold was $135,680.
15.	Paid Papoose Creek Co. on account for purchase of November 5.
23.	Received cash on account from sale of November 8 to Quinn Co.
24.	Sold merchandise on account to Rabel Co., $62,200, terms 1/10, n/30. The cost of the goods sold was $31,240.
28.	Paid VISA service fee of $3,830.
30.	Paid Quinn Co. a cash refund of $6,150 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,160.

Required:

Journalize the transactions.

Nov. 3

Nov. 4-sale

Nov. 4-cost

Nov. 5

Nov. 6

Nov. 8

Nov. 8

Nov. 13

Nov. 14-sale

Nov. 14-cost

Nov. 15

Nov. 23

Nov. 24-sale

Nov. 24-cost

Nov. 28

Nov. 30-refund

Nov. 30-cost