12A. Boston Computers has the following transactions related to the sale of merchandise inventory Click the icon to view the transactions.) Joumalize the transactions for Boston Computers assuming that the company uses the perpetual inventory system. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 1: Sold a computer (cost of $4,125) for $11,000 to a customer. The customer paid cash. The sales price included a one-year service contract valued at $240. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Accounts and Explanation Accounts Payable Date Debit Credit Mar. 1 Now journalize the expense related to the March 1 sale-Cost of Goods Sold. $4,125 Date Accounts and Explanation Debit Credit Mar. 1 e entry to at in the More Info x counts Pay Mar. 1 Sold a computer (cost of $4,125) for $11,000 to a customer. The customer paid cash. The sales price included a one-year service contract valued at $240. Dec. 31 Recorded the amount of service contract earned. expense rel Print Done