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8. Quick Computers has the following transactions in July related to the sale of merchandise inventory. Click the icon to view the transactions.) Journalize the sales transactions for Quick Computers assuming the company uses the perpetual inventory system (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Assume the company records sales at the net amount) Jul 3: Sold computers on account for $8,000 to South Auto Store, terms 3/15, n/30. The cost of the computers is $4,800 Begin by preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Accounts and Explanation Date Credit Debit 8000 Jul 3 Accounts Receivable South Auto Store Sales Revenue Now journalize the expense related to the July 3 sale. Date Accounts and Explanation Debit Credit Jul. 3 Cash Sales Revenue Jul 5: Sold two computers for S2000 to Alex Hardino The cost of the mouters is $1.200 Hardino naid rash More info he July 3 July 5 Sold computers on account for $8,000 to South Auto Store, terms 3/15, n/30. The cost of the computers is $4,800. Sold two computers for $2,000 to Alex Harding. The cost of the computers is $1,200. Harding paid cash. Received full payment from South Auto Store on the balance due. Harding returned one computer from the July 5 sale. The computer sold for $1,000 and the cost was $600. Quick Computers issued a refund to the customer. July 12 July 15 Print Done