ACC 210 - ACCOUNTING | HOMEWORK #8 1. Journalize the following transactions under the Periodic Inventory System: a. March 1, 2023, purchased merchandise on account for $10,000 Invoice # 1,000 b. March 5, 2023, purchased merchandise for $5,000 paid with check at 2,000 c. March 15, 2023, sold merchandise on account for $7,000 issued invoice # 500 d. March 21, 2023, sold merchandise for $2,500 for cash received check it 109 2. Journalize the following transactions under the Perpetual Inventory System: e. March 1, 2023, purchased merchandise on account for $10,000 Invoice # 1,000 f. March 5, 2023, purchased merchandise for $5,000 paid with check # 2,000 3. March 15, 2023, sold merchandise on account for $7,000 - issued invoice it 500 the cost of the merchandise was $4,000 h. March 21, 2023, sold merchandise for $2,500 for cash received check it 109 the cost of the merchandise was $1,000 Note: Use a journal sheet and upload it to the Google classroom