1. (10 points) Ceres Computer Sales uses the perpetual inventory system and had the following transactions during December. Dec. 1 Ceres sold merchandise to ABC, Inc. on credit for $8,500, terms 1/10, n 30. The items sold had a cost of $4,200, Dec. 6 Ceres purchased merchandise from Jones, Inc. on credit for $6,000, terms 2/10, n/30. Dec. 7 ABC, Inc. returned $1,100 of goods purchased on Dec. 1 (original cost of the goods to ABC is $375). Dec. 11 ABC, Inc. pays amount owed from purchase on Dec. 1 (within discount period). Dec. 12 Ceres receives an allowance of $300 for goods purchased on Dec. 6 Dec. 14 Ceres pays for goods purchased on Dec. 6 (within discount period). Required: Prepare the general journal entries to record these transactions (from Ceres' point of view). Credit Accounts Debit Dec.1 Dec. 6 Dec. 7 Dec. 11 Dec. 12 Dec. 14