8 Page 1: N Part 1-Merchandise Transactions 5 15 12 21 6 10 Maeve's Store had the following transactions during December, the last month of the accounting period: Dec 1 Dec 3 Dec 4 Dec 5 Dec 11 Dec 15 Dec 18 Dec 23 Sold merchandise on credit for $7,000, cost $3,000, terms 1/10, n/30. Purchased merchandise for cash, $1,900. Purchased merchandise on credit for $5,600, terms 2/10, n/30. Issued a credit memorandum for $600 to a customer who returned merchandise purchased November 29, cost $400. Received payment for merchandise sold December 1. Received a credit memorandum for $600 for the return of faulty merchandise purchased on December 4. Paid freight charges of $50 for merchandise ordered last month. Paid for the merchandise purchased December 4 less merchandise returned. Required: Prepare general journal entries to record these transactions, using a perpetual inventory system