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.

Journal

Date	Description	Post Ref	Debit	Credit