Analyzing the Accounts Casey Company uses a perpetual inventory system and engaged in the following transactions: a. Made credit sales of $615,000. The cost of the merchandise sold was $417,500. b. Collected accounts receivable in the amount of $630,000. c. Purchased goods on credit in the amount of $445,150. d. Paid accounts payable in the amount of $403,200. Required: Prepare the journal entries necessary to record the transactions. If an amount box does not requ Indicate whether each transaction increased cash, decreased cash, or had no effect on cash. a. Made credit sales of $615,000. The cost of the merchandise sold was $417,500. b. Collected accounts receivable in the amount of $630,000. c. Purchased goods on credit in the amount of $445,150. d. Paid accounts payable in the amount of $403,200