Sales Transactions Journalize the following merchandise transactions, using the net method under a perpetual inventory system a. Sold merchandise on account, $12,550 with terms 2/10, 1/30. The cost of the goods sold was $7,530, If an amount box does not require an entry, leave it blank Accounts Receivable Sales X 7530 Cost of Goods Sold Inventory 7.530 Check My Work b. Received payment less the discount. If an amount box does not require an entry, leave it blank. Cash Accounts Receivable X Feedback b. Received payment less the discount. If an amount box does not require an entry, leave it blank. Cash Accounts Receivable X Feedback Check My Work c. Refunded $320 to customer for defective merchandise that was not returned. If an amount box does not require an entry, leave it blank. Customer Refunds Payable Cash 0X Feedback Check My Work Feedback Check My Work