Ceres Computer Sales uses the perpetual inventory system and had the following transactions during the month of December: Dec 4 1 Sold merchandise on credit for $5,000, terms 3/10, 1/30. The items sold had a cost of $3,500. 3 Purchased merchandise for cash, $720. Purchased merchandise on credit for $2,600, term 1/20, n/30. 5 Issued a credit memorandum for $300 to a customer who returned merchandise purchased November 29. The returned items had a cost of $210. 11 Received payment for merchandise sold December 1. 15 Received a credit memorandum for the return of faulty merchandise purchased on December 4 for $600. 18 Paid freight charges of $200 for merchandise ordered last month. (FOB shipping point). 23 Paid for the merchandise purchased December 4 less the portion that was returned. 24 Sold merchandise on credit for $7.000. terms 2/10,n30. The items had a cost of $4,900. 31 Received payment for merchandise sold on December 24. Required: Prepare the general journal entries to record these transactions. 17 Name 18 19 General Journal 20 GENERAL JOURNAL 21 22 23 Date Account Titles and Explanation P.R. Debit Credit 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40