The 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 $76,000, trade discount 20%, terms FOB destination, 2/10, n/30. 4. Sold merchandise for cash, $39,830. The cost of the goods sold was $24,240. 5. Purchased merchandise on account from Papoose Creek Co., $46,650, terms FOB shipping point, 2/10, n/30, with prepaid freight of $880 added to the invoice. 6. Returned $12,800 ($16,000 list price less trade discount of 20%) of merchandise purchased on November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co., $15,840 with terms n/15. The cost of the merchandise sold was $10,200. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $224,010. The cost of the goods sold was $138,720. 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., $58,400, terms 1/10, n/30. The cost of the goods sold was $31,820. 28. Paid VISA service fee of $3,700. 30. Paid Quinn Co. a cash refund of $6,150 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,510. Required: