lournalize the following selected transactions that were completed by Old Towne Co. during current year. Old Towne Co. uses the perpetual inventory system (Keep track of how much each mber of the customer owes.) - 20xx Sept. 4Sold merchandise on account to Baxter Co, $15,000, terms FOB shipplng point, nv/30. The cost of merchandise sold was $9,750. merchandise sold was $16,500. merchandise was $3,750 taken. T 6 Sold merchandise on accurtto Ryder, Inc S22,000 terms FOB destination, 1/10, n30. The cost of 10 Baxter Co. returned $5,000 of the merchandise on the sale of September 4. The cost of the returned 16 Received payment from Ryder, Inc for the amount of the invoice dated September 6, less the discount ce dated September 4, less the return or September 10. Page GENERAL JOURNAL DATE EBIT CREDIT REF