Journalize the following transactions assuming the perpetual inventory system: July 3 sold merchandise on account for $3.750 including terms. The cost of the merchandise sold was S2 5 Issued credit memo for $1, 050 merchandise returned from sale on July 3 The cost of the merchandise returned was $610 12 Received check for the amount due for sale on July 3 less return on July 5. Sold merchandise for $7,000 plus 6% sales tax to cash customers. The cost of the merchandise was $3, 830 Journalize the following transactions assuming the perpetual inventory system: July 3 sold merchandise on account for $3.750 including terms. The cost of the merchandise sold was S2 5 Issued credit memo for $1, 050 merchandise returned from sale on July 3 The cost of the merchandise returned was $610 12 Received check for the amount due for sale on July 3 less return on July 5. Sold merchandise for $7,000 plus 6% sales tax to cash customers. The cost of the merchandise was $3, 830