Sales-related and purchase-related transactions using perpetual inventory systemthe following were selected from among the transactions completed by babcock company during november of the current year: nov. 3. purchased merchandise on account from moonlight co., list price $80,000, trade discount 20%, terms fob destination, 2/10, n/30.4. sold merchandise for cash, $40,080. the cost of the goods sold was $24,580.5. purchased merchandise on account from papoose creek co., $50,800, terms fob shipping point, 2/10, n/30, with prepaid freight of $820 added to the invoice.6. returned $13,600 ($17,000 list price less trade discount of 20%) of merchandise purchased on november 3 from moonlight co.8. sold merchandise on account to quinn co., $14,830 with terms n/15. the cost of the merchandise sold was $9,240.13. paid moonlight co. on account for purchase of november 3, less return of november 6.14. sold merchandise on visa, $231,020. the cost of the goods sold was $135,490.15. 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 on account to rabel co., $53,800, terms 1/10, n/30. the cost of the goods sold was $37,340.28. paid visa service fee of $3,690.30. paid quinn co. a cash refund of $5,610 for returned merchandise from sale of november 8. the cost of the returned merchandise was $2,990.required: journalize the transactions.