The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec 3 4 Carla Vista Company sold merchandise to Thomas Co.for $35,000, terms 2/10,n/30, FOB destination. This merchandise cost Carla Vista Company $18,000. The correct company paid freight charges of $725. Thomas Co.returned unwanted merchandise to Carla Vista. The returned merchandise had a sales price of $2,000 and a cost of $990. It was restored to inventory. 8 13 Carla Vista Company received the balance due from Thomas Co. Prepare the journal entries to record these transactions on the books of Carla Vista Company Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Recordjoumal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit Dec 3 Accounts Receivable 35.000 Sala 350 (To record sales on account.) Dec 3 Coat of Goods Sold 18.000 Merchandise Inventory 18,0 (To record cast of goods sold) Dec. Sales Rauma and Allowances 725 Accounts Receivable 7. (Cash payment for freight costs.) De Sales Return and Allowances 2.000 Accounts Receivable 2.0 (To record credit for goods returned.) Des Merchandise Inventory 990 Cost of Gooda Sold 9 (To record cost of goods returned) Dec. 13 Cash 34960 Sales Discounts 6992 Account Receivable 419 (Collection on account. Prepare the journal entries to record these transactions on the books of Thomas Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Dec.3 Merchandise Inventory 35000 Accounts Payable 350 (Purchase on account.) Dec. 4 Merchandise Inventory 2000 Accounts Payable 26 Dec. 8 Accounts Payable Merchandise Inventory (To record purchase return.) Dec 13 Accounts Payable Merchandise Inventory Cash (Payment on account.) Assuming that Thomas Co. had a balance in Merchandise Inventory on December 1 of $6.000, determine the balance in the Merchandise Inventory account at the end of December for Thomas Co. (Post entries in the order of joumal entries presented in the previous part) Merchandise Inventory Dec 1 Dec. Dec 3 Dec. 31 Dec 31 eTextbook and Media List of Accounts