Prepare general journal entries to record the following transactions: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Jan 1 Sold merchandise to Kelly Elijah for $700 on account. The merchandise cost $420 and the company uses a perpetual inventory system and does not expect any returns. Feb 1 Received $210 from Elijah. Jul 1 Wrote off the balance of Elijah's account as uncollectible. Sep 1 Unexpectedly received payment in full from Elijah. Date Account Titles and Explanation Debit Credit (To record sales on account) (To record cost of goods sold) (To record cost of goods sold) (To record receipt of cash) (To write off accounts receivable) (To record reverse entry of accounts receivable written off) (To record receipt of cash)