Question: three: (7.5 points) Cos Computer Sales uses the perpetual inventory system and had the following transactions during December Dec. 1 Sold merchandise to Happy Hobby

three: (7.5 points) Cos Computer Sales uses the perpetual inventory system and had the following transactions during December Dec. 1 Sold merchandise to Happy Hobby Shop on crodia for $10,000, terms 1/10, 30. The sold had at of $7,000 (PO 3 Parched merchandise on credit for $5,200, terma 1/20, 30 5 Happy Hobby Shop returned merchandise that had a selling price of $600. The returned items had a cost of 50 Paid shipping charges of $400 for merchandise purchased on December 3 10 Received payment for merchandise sold to Happy Hobby Shop 15 Returned $1,200 worth of defective merchandise purchased on December 3. 21 Paid for the r handise purchased December 3 Required: Prepare journal entries to recond each of the preceding transactions Date Account Title Dr. S three: (7.5 points) Cos Computer Sales uses the perpetual inventory system and

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