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eBook Show Me How Print Itenm ons The following were selected from among the tr ansactions completed by Babcock Company during November of the current year: Purchased merchandise on account from Moonlight Co., list price $88,000, trade discount 20%, terms FOB destination, 2/10, n/30. Nov. 3 4 Sold merchandise for cash, $41,250. The cost of the merchandise sold was $22,250 5 Purchased merchandise on account from Papoose Creek Co., $43,700, terms FOB shipping point, 2/10, n/30, with prepaid freight of $840 added to the invoice. Returned $13.600 ($17,000 list price less trade discount of 20%) of merchandise purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co., $16,100 with terms n/15. The cost of the merchandise sold was $9,440. 13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6 14 Sold merchandise on VISA, $226,120. The cost of the merchandise sold was $135,430. 15 Paid Papoose Creek Co. on account for purchase of November5 23 Received cash on account from sale of November 8 to Quinn Co. 24 Sold merchandise on account to Rabel Co., $60,700, terms 1/10, n/30. The cost of the merchandise sold was $33,120. Paid VISA service fee of $3,580. Paid Quinn Co. a cash refund of $6,420 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,010 28 30

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