PLEASE USE ONLY PERPETUAL INVENTORY SYSTEM.

Marve's Store had the following transactions during December, the last month of the accounting period. Dec 1 Sold merchandise on credit for $7000 Cont33000 torms 170. O 3 Purchased merchandise for cash 4 Purchased merchandise on credit for $5,000, terms 2/10, 1/30 issued a 3600 credit to a customer who returned merchandise 5 purchased November 29, cost $400 11 Received payment for merchandise sold December 1 Received a credit memorandum for $500 for the return of fully 15 merchandise purchased on December 4 18 Paid freight charges of $50 for merchandise ordered last month Paid for the merchandise purchased December 4 loss merchandise 23 returned 24 Sold merchandise on credit for $9.000 terms 1/10 1/30, cost $6,500 31 Received payment for merchandise sold on December 24 Prepare general journal entries to record the transactions on Deceber 1 and 5 ONLY using a perpetual inventory system (7 points)