Journalize the following transactions for Gonzalez Company using the gross method of accounting for sales discounts. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. December 4 Sold goods costing $4,800 to Williams Company on account, $8,000, terms 2/10, n/30. December 10 Williams Company was granted an allowance of $1,600 for returned merchandise that was previously purchased on account. The returned goods are in perfect condition. December 14 Received the amount due from Williams Company. Date Account Title Debit Credit (Choose of) Explanation Check v