Problem: 3 Maeve's Store had the following transactions during December, the last month of the accounting period: D Sold merchandise on credit for $7,000, cost $3,000 terms ec 1 1/10, n/30. 3 Purchased merchandise for cash, $1,900. 4 Purchased merchandise on credit for $5,600, terms 2/10, n/30 Issued a credit memorandum for $600 to a customer who returned merchandise purchased November 29, cost $400. 5 1 Received payment for merchandise sold December 1. 1 Received a credit memorandum for $600 for the return of 5 faulty merchandise purchased on December 4. 1 Paid freight charges of $50 for merchandise ordered last 8 month. 2 Paid for the merchandise purchased December 4 less 3 merchandise returned. 2 Sold merchandise on credit for $9,000, terms 1/10 n/30, cost 4 $6,500. 31 Received payment for merchandise sold on December 24. Prepare general journal entries to record these transactions, using a perpetual inventory system.