sed on the information below. Selet sold merchandise on account to the buyer, 54,750. terms 2/10, net 30, FOB shipping point on December 21. The cost of the merchandise is $2,850. The seller prepays the freight of $75. Buyer returns $700 of merchandise as detective on December 28. The cost of the merchandise is $420. Buyer pays within the discount period on December 31. b. 0 Required: Joumalize the entries for the Seller and the Buyer Both use a perpetual inventory system. Refer to the Chart of Accounts for exact wording of accounties. I no entry is required, simply skip to the next transaction General Joumal JOURNAL ACCOUNTING LQUATION DATE DESCRIPTION POST. ROE DET CREDIT ASSETS LIABILITIES KOUTY