Consider the following transactions (all sales carry terms of 5/10n/30 ): 201X Dec. 16 Sold merchandise on account to Cart Co, invoice no. 1,$980. 18 Sold merchandise on account to French Co., invoice no. 2, $2,100. 20 Issued credit memorandum no. 1 to French Co. for defective merchandise, $700. Journalize the receipt of a check from Cart Co. for payment of invoice no. 1 on December 24. (Record debits first. then credits. Exclude explanations from iournal entries. Round all iournal entrvamol