X TIF5-3 (book/static) 8. Quick Computers has the following transactions in July related to the sale of merchandise inventory O (Click the icon to view the transactions.) Assigned Media Question Help Journalize the sales transactions for Quick Computers assuming the company uses the perpetual inventory system. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Assume the company records sales at the net amount) Jul. 3: Sold computers on account for $8,000 to South Auto Store, terms 3/ 15; n / 30. The cost of the computers is S4780Ch Begin by preparing the entry to journalize the sale portion of the transactiom Do not record the expense related to the sale O More Info We will do that in Date Jul 3 Accounts and Explanation Accounts ReceivableSouth Auto Store Sales Revenue Sale on account less discount Debit Credit July 3 July 5 July 12 July 15 Sold computers on account for $8,000 to South Auto Store, terms 3/15, n/30 The cost of the computers is $4,800. Sold two computers for S27000 to Alex Harding. The cost of the computers is Sl ,200. Harding paid cash. Received full payment from South Auto Store on the balance due. Harding returned one computer from the July 5 sale. The computer sold for $1 i 000 and the cost was $600 Quick Computers issued a refund to the customer print Done