1. WeAreFashion retails designer bags from its warehouse in New Jersey, WeAreFashion completed the following transactions during month of January Purchased 30 bags for $25,000 from Los Angeles Designs. Terms 2/10, 1/30 Freight costs were $1,500 paid by WeAreFashion Returned $3,700 worth of bags to Los Angeles Designs. The brand of bags was incorrect 3 WeAreFashion settled within 7 days the balance due on account to Los Angeles Designs Sold bags costing $6,600 for $9,200 ($6,800 for cash and the remainder on credit). 2. 4. Required: Using the periodic inventory system, record the above transactions in the general journal of WeAreFashion for the month of January Narrations are not required. (12 marks)