SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 53) 53) Maeve's Store had the following transactions during December, the last month of the accounting period: Dec. Sold merchandise on credit for $7,000, cost $3,000 terms 1/10, | 1n/30. 3 Purchased merchandise for cash, $1,900. 4 Purchased merchandise on credit for $5,600, terms 2/10, 1/30. Issued a credit memorandum for $600 to a customer who 5 returned merchandise purchased November 29, cost $400. 11 Received payment for merchandise sold December 1. Received a credit memorandum for $600 for the return of faulty 15 merchandise purchased on December 4. 18 Paid freight charges of $50 for merchandise ordered last month. Paid for the merchandise purchased December 4 less 23 merchandise returned. Sold merchandise on credit for $9,000, terms 1/10 n/30, cost 24 $6,500 31 Received payment for merchandise sold on December 24. Prepare general journal entries to record these transactions, using a perpetual inventory system