Journalize the following transaction Assume the perpetual inventory system Cok the icon to view the transactions) Record Getits trst, then credits Exclude explanations from ouma entre) More info December 4: Sold merchandise for $450 cash. The cost of merchandise was $360 Begin by Journalining the revenue from the sale of merchandise. Do not record the cost of the sale yet. We Journal Entry Date Accounts PR Dr. Cr Dec 201X Dec. 4 Sold merchandise for $450 cash. The cost of merchandise was such 9 Purchased merchandise from Ree Coon account $3,300,FOB shipping point buyer pays freight tms 2/10,30 Freight to be paid on December 20 20 Paid freighton December purchase, 5110 Print Done Now our the cost of the merchandise sold Journal Entry Date Account De PR O, CA December : Purchased merchandise from Ree Co. on account. $3.300,FOB shipping point buyer pays freight: terms 20.30. Freight to be paid on December 20 Journal Entry Date Accounts PR Dr. Cr. More info Dec December 20 Paidreight on December purchase 5110 Journal Entry bute Accounts Dec 20 201X Dec. 4 Sold merchandise for $450 cash The cost of merchandise was $350 9 Purchased merchandise from Ree Co, on account, $3,300, F0.8. shipping point buyer pays freighbors 2/10, 1/30 Freight to be paid on December 20 20 Pald freight on December 9 purchase. $110 PR Dr. Cr Print Done Time Remaining