Ceres Computer Sales Uses the Perpetual Inventory System and Had

Ceres Computer Sales uses the perpetual inventory system and had the following transactions during the month of December
$\begin{array}{|l|l|l|}\hline\text { Dec } & 1 &\text { Sold merchandise on credit for } \$ 5,000, \text { terms } 3 / 10, \mathrm{n} / 30 . \text { The items sold had a } \\&&\text { cost of } \$ 3,500 .\\\hline & 3 & \text { Purchased merchandise for cash, } \$ 720 . \\\hline & 4 & \text { Purchased merchandise on credit for } \$ 2,600, \text { term } 1 / 20, \mathrm{n} / 30 . \\\hline & 5 & \text { Issued a credit memorandum for } \$ 300 \text { to a customer who returned merchandise } \\&&\text { purchased November } 29 . \text { The returned items had a cost of } \$ 210 .\\\hline & 11 & \text { Received payment for merchandise sold December } 1 . \\\hline &15 &\text { Received a credit memorandum for the return of faulty merchandise purchased on } \\&&\text { December 4 for } \$ 600 .\\\hline& 18 & \text { Paid freight charges of } \$ 200 \text { for merchandise ordered last month. (FOB shipping } \\&&\text { point). }\\\hline& 23 & \text { Paid for the merchandise purchased December } 4 \text { less the portion that was } \\&&\text { returned. }\\\hline &24 & \text { Sold merchandise on credit for } \$ 7,000, \text { terms } 2 / 10, n / 30 . \text { The items had a cost of } \\&&\$ 4,900 .\\\hline& 31 & \text { Received payment for merchandise sold on December } 24 .\\\hline \end{array}$
Required: Prepare the general journal entries to record these transactions.