3. Presented here are selected transactions for Pawn Company during April. Pawn company uses the perpetual inventory system. (20%) July 1: Sold merchandise to client for CNY2,000, terms 2/10,n/30. The merchandise sold had a cost of CNY 1,000. July 2: Purchased merchandise form L company for CNY3,000, terms 1/10,n/30. July 4: Purchased merchandise form M company for CNY3,000, n/30. July 10: Received payment from L company for the sale of July 1 less appropriate discount. July 11: Paid M company for July 2 purchase. Requirement: Journalize the above transactions for Pawn Company. 4. Information regarding purchases is presented below. (12%) Purchase Returns and Allowances 30000 Requirement: Compute the net purchases. 5. Prepare adjusting entries for the following transactions. (28\%) a. Rent expired, CNY 500 b. Depreciation, CNY4,000 c. Earned CNY 6000 of unearned service revenue d. Accrued salaries, CNY 1000 e. Accrued interest expense on the note payable, CNY 360 f. Service revenue earned but not received, CNY 1500 g. Supplies on hand at year's end, CNY 1,500, beginning balance is CNY2,000