On January 2, Bellevue Ltd. sold merchandise on account to R. James for $49,000, terms n/30. The company uses a perpetual inven system and the merchandise originally cost $30,300. On February 1, R. James gave Bellevue a five-month, 6% note in settlement of account. On April 30, Bellevue's year-end, annual adjusting entries were made. On July 1, R. James paid the note and accrued intere Prepare the journal entries for Bellevue to record the above transactions. (Credit account titles are automatically indented when the an entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of merchandise sold) 7