3 The following merchandise transactions occurred in December. Both companies use a perpetual inventory system Record purchase and sales transactions and determine merchandise inventory-perpetual system Dec 3 4 un Company Sold merchandise to Valery Co. for $33,000, terms 2/10, 1/30, FOB destination. This merchandise cost Jun Company 515.000 The correct company paid freight charges of $330. 13 Valery Co returned unwanted merchandise to Jun. The returned merchandise had a sales price of $1,300 and a cost of $950. It was restored to inventory Instructions Jun Company received the balance due from Valentya Co. Prepare the journal entries to record these transactions on the books of Jun Company Prepare the journal entries to record these transactions on the books of Valeria Ca c. Assuming that Valeny shad balance in Merchandise inventory on December 1 of $4,000, determine the balance in the Merchandise Inventory account at the end of December for Valenty Hunt Use Tee a/c and post all of your and add it up to total your answer AS 0 0 0