PROBLEM 1 Wilson Company uses the perpetual inventory system. On June 1, 2021, merchandise was sold on credit at an invoice price of $500, terms 3/10, n/30. The merchandise cost $200. Give the journal entries to record the following. To record the sale: Date Description Assumption 1: To record collection on June 8, 2021: Date Description Assumption 2: To record collection on June 15, 2021: Date Description Debit Credit Debit Credit Debit Credit