6 marks 3. Prepare the journal entries to record the following transactions using a perpetual inventory system. Dec 4 - Purchased merchandise on account for $210,000, terms 3/25, net/60. Dec 6 - Returned merchandise purchased $25,000, for purchases done on Dec 4. Dec 20 - Paid the net amount due for Dec 4 purchases. Account title and explanation transaction Date of the Dr. Cr