Question: Please write correct answer. complete journal entry in same format for easy read. Prepare journal entrles to record each of the following transactions of a

Please write correct answer. complete journal entry in same format for easy read.

Prepare journal entrles to record each of the following transactions of a merchandising company. The company uses a perpetual Inventory system and the gross method. November 5 Purchased 750 units of product at a cost of $12 per unit. Terms of the sale are 4/10, n/6e; the invoice is dated November 5. November 7 Returned 50 defective units from the November 5 purchase and received full credit. November 15 Paid the amount due from the November 5 purchase, minus the return on November 7. Journal entry worksheet Purchased 750 units of product at a cost of $12 per unit. Terms of the sale are 4/10,n/60; the invoice is dated November 5 . Note: Enter debits before credits

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