4. Award: 30.00 points Refer to the following merchandising transactions for Scout Systems. Nov. 1 Scout Systems purchases merchandise for $4,300 on credit with terms of 1/10, n/30. 5 Scout Systems pays for the previous purchase. 7 Scout Systems receives payment for returned defective merchandise of $700 that was purchased on November 1. 10 Scout Systems pays $390 to transport merchandise to its store. 13 Scout Systems sells merchandise for $6,400 on account. The cost of the merchandise was $4,100. 16 A customer returns merchandise from the November 13 transaction. The returned item sold for $1,190 and cost $770. The item will be returned to inventory. a. Journalize the above transactions for Scout Systems assuming a periodic system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Record purchases on account for $4,300; credit terms of 1/10, n/30. Note: Enter debits before credits, Date Nov. 1 General Journal Debit Credit Record entry Clear entry View general journal b. Journalize the above transactions for Scout Systems assuming a perpetual system. View transaction list Journal entry worksheet < 1 2 345678 Record purchases on account for $4,300; credit terms of 1/10, n/30. Note: Enter debits before credits, Date Nov. 1 General Journal Debit Credit Record entry Clear entry View general journal