Pace Design had credit sales of $125,000 in 2014 that required use of the instalment method Pace Design's cost of merchandise sold was $53,750. Pace Design collected cash related to the instalment sales of $50,000 in 2014 and $35,000 in 2015. A perpetual inventory system is used In your calculations, ignore interest charges. Enter an appropriate description when entering the transactions in the joumal Dates must be entered in the format ddimmm (e. January 15 would be 15Jan) a) Give journal entries related to the instalment sales for 2014. Assume all transactions occur on December 31. Please make sure your final answer(s) are accurate to 2 decimal places b) Give journal entries related to the instalment sales for 2015. Assume all transactions occur on December 31. Please make sure your final answer(s) are accurate to 2 decimal places General Joumal Dune 4181 Amunt Explanation Debit Credi What is the ending 2014 balance in the following accounts? Please make sure your final answer(s) are accurate to the nearest whole number. mstalment accounts receivables. Fales ost of goods sold