Prepare the journal entries to record the following transactions on Home craft companys & Art crafty companys book using perpetual inventory system. a) On January 3rd Home craft company sold $750000 of merchandise to Art crafty company, term 2/10, n/30. The cost of merchandise sold was $620000. b) On January 7th Art crafty company returned $120000 of the merchandise purchased on January 3rd. The cost off the returned merchandise was $90000. c) On January 12th Home craft company received the balance due from Art crafty company. Requirement: Pass entries in both company books.