8. Fast Computers has the following transactions in July related to the sale of merchandise inventory (Click the icon to view the transactions.) Joumalize the sales transactions for Fast Computers assuming the company uses the perpetual inventory system (Record debits first, then credits. Select the explanation on the last line of the journal entry table Assume the company records sales at the not amount) Jul. 12: Sold computers on account for $8,500 to a customer, terms 1/15, n/45. The cost of the computers is $5,100. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the experse related to the sale. We will do that in the following step Date Accounts and Explanation Debit Jul 12 Accounts Receivable 8,500 Sales Revenue 8.500 Credit Sale on account loss discount More Info 33 18,810 July 12 July 26 Sold computers on account for $8.500 to a customer, terms 1/15, 1/45. The cost of the computers is $5,100 Recewed payment from the customer on balance due a CE 7 8 9 4 Print 6 Dane 5 1 2. 3 + . 0