E9A-1 (similar to) Journalize the following transactions. Assume the perpetual inventory system Click the loon to view the transactions) (Record debitis first, then credits. Exclude explanations from journal entries.) December 4: Sold merchandise for $750 cash. The cost of merchandise was $150 begin by journalizing the revenue from the sale of merchandise. Do not record the com of the sale yet. We will do that in the following step Journal Entry Date 1 More Info Dec 2013 Dec. 4 Sold merchandise for $750 cash. The cost of merchandise was $150. 9 Purchased merchandise from Rare Co. on account, 53100, F.0.8. shipping point (buyer pays freight terms 7/10, VJO. Freight to be paid on December 20 20 Paid freight on December 9 purchase, $160 Print Done Choose from any ist or enter any number in the input fields and then click Check Answer 3 parts Clear All Check Answ