8) Serene Spa Sales uses th and sales, and had the following transactions during August, 2017 e perpetual inventory system and the gross method of accounting for purchases Aug Sold merchandis oldhadacostof$3,500 e on credit for $5,000,terms 3 10. 30 Theitems Purchased merchandise for cash, $2.720. Purchased merchandise on credit for $2.600, terms 1/20, n/30 The returned items had a cost of $2,010 a credit memorandum for $3,000 to a customer who returned merchandise purchased July 20 10 payment for merchandise sold August 1 15 18 23 24 31 eceived a credit memorandum from the seller for the return of defective merchandise purchased on August 4 for $600 Paid freight charges of S200 for merchandise ordered last month. (FOB shipping point) aid for the merchandise purchased August 4 less the portion that was returned. old merchandise on credit for $7.000, terms 2/10, n/30. The items had a cost of $4,900 eceived payment for merchandise sold on August 24 Required:Prepare the general journal entries to record these transactions