D). Problem (6 points) 1. Assume that on July 24, Adele Company had a sale on credit totaling $22,038 with cost of goods sold of $15,208. Record this transaction in journal form assuming the perpetual inventory system was in use (Hint: Record Sale AND transferring the cost of merchandise to COGS) (2 points, 0.25/blank) Date July 24 Journal $$ $$ 2. Highland, Inc. entered into the transactions listed below. In the journal provided, prepare Highland's entries, assuming use of the perpetual inventory system. Omit explanations (2 points, 0.25/blank). Mar. 2 Purchased $450 of merchandise on credit, terms n/30. 6 Returned $75 of the items purchased on March 2. Date Mar. 2 6. Journal $$ SS