Do Both Problems. 1. Journalize the following transactions for both Samsung (seller) and Best Buy (buyer). Assume both the companies use the perpetual inventory system. Transaction descriptions are not required. July 3 Samsung sold merchandise on account to Best Buy $97,000, terms FOB shipping point. The cost of the merchandise sold was $58,500. July 5 Best Buy paid $3025 freight charges on purchase from Samsung. July 9 Samsung issued Best Buy a credit memo for merchandise returned, $12,520. The cost of the merchandise returned was $7,165. July 11 Samsung received payment from Best Buy for purchase of July 3