1. (6 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 $12,100, terms 2/10, n/30. The items sold had a cost of $5,325. Dec. 6 Ceres purchased merchandise from Jones, Inc. on credit for $7,000, terms 2/10, n/30. Dec. 7 ABC, Inc. returned $2,300 of goods purchased on Dec. 1 (original cost of the goods to ABC is $825). Dec. 11 ABC, Inc. pays amount owed from purchase on Dec. 1 (within discount period). (this is the customer paying Ceres) Dec. 12 Ceres receives an allowance of $500 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). Accounts Debit Credit Dec.1 Dec. 6 Dec. 7 Dec. 11 Dec. 12 Dec. 14