Part II (20 marks) Funny Company uses perpetual inventory method. Prepare the journal entries for the following transactions: Dec 1 Purchased goods from Sisi Company for $18,000 on account. 3 Returned $800 of the goods to Sisi Company. 17 Sold goods to Handy Company for $21,500 with gross profit rate of 20%. The payment will be made within 30 days. 31 Funny conducted physical count of inventory and revealed $750,000 inventory was on hand while the inventory account balance was $772,000