On October 5, Wang Company sells merchandise to Davis Company for $4,800, terms 1/10, 1/30. The cost of the merchandise sold is $3,100. Wang paid the freight charges of $200. Record the transactions on the books of Wang Company using the perpetual inventory systern. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sales To record cost of goods sold on account) (To record payment of freight on goods sold)