Problem 1 (16 points) The Woodview Company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal. They use the perpetual method. The following transactions occurred during the current month of December: Dec 4 Sold merchandise on credit for $3,300 to the A&B Co., Invoice No. 313. The cost of the goods sold is $2,145 8 Purchased merchandise on credit for $1,800 from the Dexter Co., terms 2/10, n/30. Invoice dated December 8 Sold merchandise for $500 cash to RAC Corp., Invoice No. 314. The cost of the good sold is S320. 10 13 Collected S3,300 cash from the A & B Co. for merchandise sold on December 4 17 Paid amount owed to Dexter Co. from December 8 purchase, Check No. 1011. 24 Sold merchandise on credit for $4.500 to Dunn Corp., Invoice No. 315. The cost of goods sold is $2,925. 27 Paid $400 cash for monthly rent to Dayton Properties, Check No. 1012 31 Purchased equipment for $3,055 from Fort Corp., Check No. 1013. 0