July 3 July 5 Sold computers on account for $11,800 to Seth's Auto Store, terms 2/15, n/45. The cost of the computers is $7.080. Sold two computers for $1,200 to Axl Hollis. The cost of the computers is $720. Hollis paid cash. Received full payment from Seth's Auto Store on the balance due. Hollis returned one computer from the July 5 sale. The computer sold for $600 and the cost was $360. Quarter Computers issued a refund to the customer. July 12 July 15 o B. Computers flowing tracoons in July related to the of merchandisentory lo ho con to view it Journate the transaction for Contoutes me the company is the perpetual invertory oncord debits the credite Swed me in the purely new of the neamunt Juod computers on account for $11.800 to Setry Auto Store, em 2/15/45. The cost of computers 17.00 Begin by preparing the entry to malce the portion of the action Do not recompensated to the sale. We will do that in the following stes Date Accounts and Explanation Credit J's Now jumate the expense related to the sale Date Account and Explanation Debt Crede JUL 5: Seld two computers for $1.200 to Axl Hollis. The cost of the computers is $720. Hollis paid cash Begin by preparing the entry to jumalize the sale portion of the transaction. Do not record the expense related to the sale. We wil do that in the following step Accounts and Explanation Debit Credit Date 5 Now journalize the expense related to the wys sale Date Accounts and Explanation ws Debat Credit Jul 12 Received full payment from Seth's Auto Store on the balance due Data Accounts and Explanation Jul 12 Debit Credit Jul 16 Holis rotumed one computer from the July 5 sal. The computer nord for 3000 and the cost was $300 Counter Computer sued a fund to the customer Begin by recording the refund to the customer. Do not record the return of the merchandise invertory yet. We will do that in the following step Accounts and explanation Credit Date Det Jul 15 Now yournalize the return of the merchandise inventory from the July 15 retum Date Accounts and Explanation Debih Crode Jul 15