#5)

Journalize the following transactions assuming the perpetual inventory system: BONUS QUESTION Sold merchandise on account for $3,750 terms n/eom. The cost of the goods sold July 3 was $2,000 5 Issued credit memo for $1,050 for merchandise returned from sale on July 3. The cost of the merchandise returned was $610. Received check for the amount due for sale on July 3 less return on July 5. 12 17 Sold merchandise for $7,000 plus 6% sales tax to cash customers. The cost of the goods sold was $3,830. Date Description Debit Credit