Prepare general journal entries to record the following transactions: Jan. 1 Sold merchandise to Kelly Advik for $1,200 on account. The merchandise cost $720 and the company uses a perpetual inventory system and does not expect any returns. Feb. 1 Received $360 from Advik. July 1 Wrote off the balance of Advik's account as uncollectible. Sept. 1 Unexpectedly received payment in full from Advik. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) (To record cost of goods sold) (To reinstate accounts receivable) (To record receipt of cash)