#3 (2 pts. Record the journal entries for the following transactions related to sales of inventory under the perpetual method: Sold merchandise for $5,000, terms 3/15, n/45. The invoice was dated May 2nd. The original cost of the merchandise was $2,000. a. b. The customer returned merchandise and received a credit for $800 on May 7th. The merchandise had originally cost $320. C. Received payment from the customer for the amount due (net of discount) on May 14th Accounts Debits Credits 5/2 5/7 5/1 4