PLEASE FOCUS ON B

3. Jounalize the following transactions for BOTH the buyer and the seller using the perpetual inventory system (12 points): A. Seller sold merchandise on account to the buyer, $4.750, terms 2/10, net 30, FOB shipping point on September 21. The cost of the merchandise is $2,850. The seller prepays the freight of $75. merchandise is $420. C. Buyer pays for invoice from (A.) within the discount period on September 30