Cover Computer Sales ones the perpetual inventory system and had the following Sok merchandise to buy show on credit for 55.000, 110,30 The items wohada con S.S00,(Pon shipping point) Perchased merchandise en credit for $3,600. terms 1/2010 3 Harry Hobby Shop returned merchandise that had a selling price of 5300. The returned items and cost of $210. * Paid shipping charges or $200 for merchandise purchased on December). 10 Received payment for merchandise sold to Happy Hobby Shop 5 Returned $600 worth of defective merchandise purchased on December 21 Paid for the merchandise purchased December