Exercise 11-37 (Algorithmic) Analyzing the Accounts Casey Company uses a perpetual inventory system and engaged in the following transactions: a. Made credit sales of $615,000. The cost of the merchandise sold was $417,500 b. Collected accounts receivable in the amount of $557,000. c. Purchased goods on credit in the amount of $145,150. d. Pald accounts payable in the amount of $403,200. Required: Prepare the journal entries necessary to record the transactions (Record credit sale) (Record cost of merchandise sold) (Collected accounts receivable) (