EMGI TUU # Con't 2) Accounts Receivable Transactions (7 marks) Megacup Company sells beverage supplies. The company has a return policy of 10 days from the date of are and uses the perpetual inventory system. The following transactions occurred during the month of November: Nov. 4 Sold merchandise for $ 800 on account to Java Joe, terms 2/10, n/30. The original cost of the merchandise to MegaCup was $ 300. 8 Java Joe returned goods with a selling price of $ 100 and a cost of $ 38. The goods are restored to inventory 14 Received the correct payment from Java Joe. Instructions Prepare journal entries to record the transactions for Moca Capa Company