Record the journal entries for the following transactions of Classic Coverings if the company uses a) Perpetual Inventory System and b) Periodic Inventory System. a. August 8: Classic Coverings sold merchandise that cost $7,360 to Seaside Sales for $9,200 under credit terms of 2/10, n/60. b. August 27: Classic Coverings collected the balance due from Seaside Sales. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). a) Perpetual Inventory System Date General Journal Account/Explanation b) Periodic Inventory System Page G9 PR Debit Credit Date General Journal Account/Explanation Page G3 PR Debit Credit 1+ 4