Sales Related and Purchase Related Transactions Using Perpetual Inventory System The following were selected from...

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Sales Related and Purchase Related Transactions Using Perpetual Inventory System The following were selected from among the transactions completed by Harrison Company during November of the current years Nov. 3. Purchased merchandise on account from Moonlight Co, list price $79,000, trade discount 25%, terms FOB destination, 2/10, 1/30 4. Sold merchandise for cash, 37,960. The cost of the merchandise sold was $23,270 5. Purchased merchandise on account from Papoose Creek Co, 551,450, terms TOB shippine point, 2/10, 1/30, with prepaid freight of $350 added to the invoice 6. Returned 512,750 (517,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. 3. Sold merchandise on account to Quinn Co. 514,380 with terms /15. The cost of the merchandise sold was $9.480. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6, 14. Sold merchandise on VISA, 5255,940. The cost of the merchandise sold was $129,640 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 an account to Habel Co, 562,000, terms 1/10, 1/30. The cost of the merchandise sold was $34,320 23. Pald VISA service fee of $3,610 30. Pald Quinn Co. a cash refund of $1,590 for damaged merchandise from sale of November 8. Quinn Cokopt the merchandise Required: Journalize the transactions. It an amount box does not require an entry leave it blank. Nov. Now.4sale Now

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