Based on the information below: a. Seller sold merchandise on account to the buyer, $4,750, terms 2/10, net 30, FOB shipping point. The cost of the merchandise is $2,850. The seller prepays the freight of $75. b. Buyer issues a $700 debit memo for defective merchandise that is not returned. c. Buyer pays within the discount period. Question Content Area Journalize the entries for the seller using a perpetual inventory system. If an amount box does not require an entry, leave.