Halp Save & Exit Sub 1 QS 4-5 Recording purchases, returns, and discounts taken LO P1 Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual Inventory system and the gross method. Nov. 5 Purchased 1, 200 units of product at a cost of $10 per unit. Terms of the sale are 4/10, 1/68; the invoice is dated November Nov. 7 Returned 35 defective units from the November 5 purchase and received full credit, Now. 15 Paid the amount due from the November 5 purchase, less the return on November 7. 0:31:46 View transaction ist Journal entry worksheet Purchased 1,200 units of product at a cost of $10 per unit. Terms of the sale are 4/10, 1/60; the invoice is dated November Help Sove & E Journal entry worksheet 4. 2 3 Purchased 1,200 units of product at a cost of $10 per unit. Terms of the sale are 4/10, 1/60; the invoice is dated November 5. 00:31:26 Note: Enter debits before credits Date General Journal Debit Credit Nov 05 Record entry Clear entry View general journal w