What would be included in the Journal entries for a merchandiser that uses the perpetual inventory system to record the following sale on Jan 8th? On January 8, inventory was sold for $7,000 on account. Credit terms were 2/15, n/30. Cost of Goods sold was $4,500. The customer paid for the purchase on Jan 30.

What would be included in the Journal entries for a merchandiser that uses the perpetual inventory system to record the following sale on Jan 8 th? On January 8 , inventory was sold for $7,000 on account. Credit terms were 2/15,n/30. Cost of Goods sold was $4,500. The customer paid for the purchase on Jan 30