Question 4 The following transactions are for saling boats Ltd on December Sating to the 20.000 of ventory to Shoshoy, the cost of the entry On December Shos hoy was granted and allowance of 50.000 forintory purchased on December on 13 December Sailing boats und received the balance due from Ship Ahoy ud. Prepare the journal entries to record these tractions on the book of Sing Boats Swing Bosses perpetual very system (Credit account titles are automatically indented when the amount is entered on my forme de creditoris accumsander of magnitude) Date Act and description Debit Credit Dec (To record sales (Toccordoost foles) Dec Assume that Sating Band reced the balance from his hoy do to December Propertury to record the recept of payment on 2 January Cred account titles are automatically indented when the amount is entered in many) Date Det Credit Ian 2