based on problem 5-3A bellow, please answer the following questions.

should be shown in the first photo

Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $92,500 with terms 1/10, n/30. The cost of the goods sold was $55,500 Sale Accounts Receivable 92,500 x Sales 92,500 x Cost Cash 91,575 X Accounts Receivable X 92,500 X Question 1 (10 points) The journal entry for the November 3 transaction for Babcock will include an increase to Inventory of $85,000. True False Question 2 (10 points) The journal entry for the November 4 transaction for Babcock will include an increase (debit) to Cost of Goods Sold of $37,680. True False Question 3 (10 points) The journal entry for the purchase on November 5 includes an increase to Accounts Payable of $47,360. True False Question 4 (10 points) The journal entry for the return on November 6 includes an increase to Inventory for $13,230 Question 4 (10 points) The journal entry for the return on November 6 includes an increase to Inventory for $13,230 True False Question 5 (10 points) The journal entry for the sale on November 8 includes an increase to Accounts Receivable of $15,600. True False Question 6 (10 points) The journal entry for the November 13 payment transaction includes a decrease to Cash of $49,245. True False Question 7 (10 points) The journal entry for the November 14 sales transaction includes an increase to Sales (a revenue account) of $236,000. Question 8 (10 points) The journal entry for the cash collected on November 23 includes an increase to Cash of $15,600. True False Question 9 (10 points) The journal entry for the payment on November 28 includes an increase to an expense account for $3,540. True False Question 10 (10 points) The journal entry for the return on November 30 includes a decrease to Customers Refunds Payable of $6,000. True False