2 Question No. 2 Following are the transactions of a Merchandise business. Product Price per Unit Desktop computer Tablet com Landine hone 4:1 desktop print 100 Dats Transactions 2018 California Business Solution purchases 10 electronichanne packages at a cost of $620 each Aprill by paying as April CHS purchases 30 desktop computers on creditata cost of $400 each. The credit terms are 1/15 with an invece date of April 7. April 12 CHS makes full payment on the amount due the Apel purchase Max 1 CBS purchases 67 tablet computers at a cost of 60 each an credit. The payment terms are 5/10, 1/30, and the invoice is dated May 1 May 10 CHS pays their account in full June CHS purchased 300 landiline telephones with cash at a cost of each Online CBS discovers that 25 of the phones are the wonder the phone to the acturer for a full refund Jane CHS discovers that more phones from the purchase are slightly damaged: CBS decides to keep the phones but receives a purchase allowance from the manufacturer of per phone. CBS purchases nits of the 4-in-1 desktop printers at a costa 100 each on credit. Terms of the purchase are 5/15. 1/40with an invoice date of all CHS discovers 15 of the printers are damaged and returns them to the manufacturer for a full refund July 10 CS discovers that 4 mare printers from the layi perthese are slightly damaged but decides to keep them with the manufacturer issuing awam of 30 per printer July 15 CHS pays their account in full less purchasers and allowances Require Prepare journal entries by using perpetual inventory system (1.5 Marks) Product Electronic hardware package Desktop computer Tablet computer Landine telephone 4-in-1 printer Sales Price per package, per unit S1200 750 300 150 350 Cost to CBS per package, per unit 5620 400 60 50 100