Template down below

Paul's Supply Store uses the perpetual inventory system. The company had the following transactions in November: November 8 -Purchased merchandise for $2,000 with terms 2/10 and n/30. The supplier paid $20 freight and sent an invoice for the merchandise of $2,000 plus the freight charge of $20. There was no discount on freight. November 10 - Returned $400 of the merchandise. November 16 -Paid the amount owing. November 21 - Sold merchandise on account for $1,500. Cost was $1,000 with terms 2/10 and n/30. November 24-Accepted a return of damaged goods for $300. November 28-Received payment for the November 21 sale. Required Prepare journal entries for the above transactions