Journalize the following transactions assuming the perpetual inventory system: July 3 Sold merchandise on account $3, 750. The cost of the merchandise sold was $2,000. July 5 Issued credit memo for $1, 050 for merchandise returned from sale on July 3rd The cost of the merchandise returned was $610. July 12 Received check for the amount due for sale on July 3rd less return on July 5th. July 17 Sold merchandise for $7,000 plus 6% sales tax to cash customers. The cost of the merchandise sold was $3, 830