8. Quick Computers has the following transactions in July related to the sale of merchandise inventory 8 (Click the icon to view the transactions.) Joumalize the sales transactions for Quick 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 net amo Jul. 3. Sold computers on account for $8,000 to South Auto Store, terms 3/15 n/30. The cost of the computers is $4,800. Begin by preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step . Date Accounts and Explanation Debit Credit Jul. 3 More info July 3 July 5 Sold computers on account for 58,000 to South Auto Store, terms 3/15, n/30. The cost of the computers is 54,800 Sold two computers for $2,000 to Alex Harding. The cost of the computers is 51,200. Harding paid cash Received full payment from South Auto Store on the balance due. Harding returned one computer from the July 5 sale. The computer sold for $1,000 and the cost was 5600. Quick Computers issued a refund to the customer. Now Journalize the expense related to the July 3 sale. 3 Date Accounts and Explanation Jul 3 July 12 July 15 Debit Credit Print Done Jul. 5: Sold two computers for 52,000 to Alex Harding. The cost of the computers is 51,200. Harding paid cash. Begin by preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Date Accounts and Explanation Debit Credit Jul. 5 Now journalize the expense related to the July 5 sale Date Accounts and Explanation Debit Credit Jul 5 Jul. 12. Received full payment from South Auto Store on the balance due Date Accounts and Explanation Debit Credit Jul. 12