company uses a perpetual inventory system. Selected transactions in the month of December follow: (Click the icon to view the transactions.) Read the requirements. the first cell in the "Accounts" column and leave all other fields blank.) Dec 1: Jameson sold 12 go-karts on account. The selling price of each go-kart was $1,900; the cost of goods sold for each was $650. Do not record the cost related to the sale. We will do this in the next journal entry. More info Requirements 1. Prepare the journal entries to record the transactions shown. Omit explanations. 2. Describe how each of the contingent liabilities in the selected December transactions would be treated in Jameson's financial statements for 2022