gnment/takeAssignment Main.do?invoker-&takeAssignmentSession Locatoru&inprogress=false Calculator Instructions Chart of Accounts Gonoral Journal Instructions Based on the information below a Setet sold merchandise on account to the buyer, $4,750, terms 2/10, net 30, FOB shipping point on December 21. The cost of the merchandise is $2.850. The seller prepays the freight of $75 Buyer returno $700 of marchandise as detective on December 28. The cost of the merchandise is b S420. C Buyer pays within the discount period on December 31 Required: Journalize the entries for the Setier and the Buyer Both use a perpetual inventory system Refer to the Chart of Accounts for exact wording of account titles. If no entry is required simply skip to the next transaction gnment/takeAssignment Main.do?invoker-&takeAssignmentSession Locatoru&inprogress=false Calculator Instructions Chart of Accounts Gonoral Journal Instructions Based on the information below a Setet sold merchandise on account to the buyer, $4,750, terms 2/10, net 30, FOB shipping point on December 21. The cost of the merchandise is $2.850. The seller prepays the freight of $75 Buyer returno $700 of marchandise as detective on December 28. The cost of the merchandise is b S420. C Buyer pays within the discount period on December 31 Required: Journalize the entries for the Setier and the Buyer Both use a perpetual inventory system Refer to the Chart of Accounts for exact wording of account titles. If no entry is required simply skip to the next transaction