Journalize the following transactions. Assume the perpetual inventory system.
201X
Dec. 4 Sold merchandise for $450 cash. The cost of merchandise was $350.
9 Purchased merchandise from Ree Co. on account, $3,300, F.O.B. shipping point (buyer pays freight); terms 2/10, n/30. Freight to be paid on December 20.
20 Paid freight on December 9 purchase, $110.