JOURNALIZE THE SELLER'S JOURNAL ENTRIES (20 points) Hint: three journal entries are needed. 1. January 1, 2018, ABC company sold merchandise on account, S12,500 with terms 2/10, n/30. The cost of the merchandise sold was S9,000. On January 7, 2018, ABC company received payment full payment less the discount. Date Account Name Debit Credito 2. Star-Rising Inc.'s accounting book indicated the inventory on December 31, 2018 is $78,890 However, the physical inventory performed on the last day of the year showed $72,150. What journal entry will you do for the inventory shrinkage? Please write the journal entry below.* Datep Account Namep Debite Credite