Journalize the following merchandising transactions for your company assuming yo

Journalize the following merchandising transactions for your company assuming you use:(a) a periodic inventory system or in a second set of circumstances(b) a perpetual inventory system.1. On April 1 you purchase merchandise for $2500 on credit with terms of 2/5 n/30 FOB shipping point: invoice dated April 1.2. On April 5 you pay cash (using a check) for the April 1 purchase.3. On April 7 you discover and return $200 of defective merchandise purchased on April 1. You receive a cash refund.4. On April 10 you pay $100 cash for transportation costs with the April 1 purchase.5. On April 13 you sell merchandise for $2000 on credit. Your terms are n/30. The merchandise had originally cost $1000.6. On April 16 your customer returned $200 of the merchandise from the April 13 transaction The merchandise had a $100 cost.