Fletcher Co. uses the perpetual inventory system. Journalize the following merchandise transactions: Oct. 1 Sold merchandise on account to Britain Shoes, $8,500 with terms 1/10, net 30. The cost of the merchandise sold was $5,500. Oct 11 Received payment less the discount. count. INPUT NOTES: If you put a in the debit and credit boxes unused, it will score better. Date Account Debit Credit Oct. 1 ASR Sales 8 COMS Merch Inventory $5,500 Sales Discount