8. Quiz Computers has the following transactions in July related to the sale of merchandise inventory. A(Click the icon to view the transactions.) Journalize the sales transactions for Quiz 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 amount.) Jul. 3. Sold computers on account for $9,000 to Stuart Auto Store, terms 1/15, n/60. The cost of the computers is $5,400. Begin by preparing the entry to journalize 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 $9,000 to Stuart Auto Store, terms 1/15, n/60. The cost of the computers is $5,400. Sold two computers for $1,200 to Al Hollis. The cost of the computers is $720. Hollis paid cash. Received full payment from Stuart Auto Store on the balance due. Hollis returned one computer from the July 5 sale. The computer sold for $600 and the cost was $360. Quiz Computers issued a refund to the customer. July 12 July 15 Print Done