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Journalize the following transactions assuming the perpetual inventory system: july 3 sold merchandise on account for $3,750 including terms. the cost of the merchandise sold was $2,000.july 5 issued credit memo for $1,050 for merchandise returned from sale on july 3. the cost of the merchandise returned was $610.july12 received check for the amount due for sale on july 3 less return on july 5.july 17 sold merchandise for $7,000 plus 6% sales tax to cash customers. the cost of the merchandise sold was $3,830.
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Journalize the following transactions assuming the perpetual inventory system: july 3 sold merchandi...
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