4 Engine Central had the following sales transactions in December: Dec Sold $8.200 of merchandise on account to Mo's Motors, terms 4/15, net 30. Cost $4,100, Mo returned $1,200 of merchandise to Engine Central because he changed his mind and wanted to order a different type of engine. Cost $600 Mo paid the balance owing to Engine Central 7 16 Prepare the journal entries to record the sales transactions on the books of Engine Central using a perpetual inventory system and the earnings approach for revenue recognition. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 4 (To record sales on account.) (To record sales on account.) (To record cost of goods sold.) Dec 7 (To record sales return.) (To record cost of goods returned.) Dec. 16 Date Account Titles and Explanation Debit Credit Dec. 4 (To record sales on account.) Dec. 7 (To record sales return.) Dec. 16