(b) The following information belongs to Paradise Hardware Store: (4 marks)

Oct 1. Beginning inventory: 200 units at $12 = $2,400

Oct 5. Purchases made during the period: 1800 units at $12 = $21,600

Oct 15. Sales made during the period: 1200 units at $24 = $28,800

Oct 31. Ending inventory: 800 units at $12 = $9,600

Required: Make journal entries to record above transactions assuming a periodic inventory system is used by Paradise Hardware Store.