Problems. There are four problems. Each one is worth the score indicated next to the problem number. Show all work for partial credit. You may attach extra pages if you so desire. Please be NEAT when writing your answers. I cannot grade illegible answers. (40 points possible) 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 $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. 7ABC, Inc. returned $1,100 of goods purchased on Dec. 1 (original cost of the goods to ABC is \$375). Dec. 11ABC, 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)