Consider the following transactions for Gamel Packing Supplies m(Cick the lcon to view the transactions.) Requirements 1. Jounalize the purchase transactions assuming Gamel Packing Supplies uses the periodic inventory system Explanations are not required 2. What is the amount of net purchases? Requirement 1. Journalize the purchase transactions assuming Gamel Packing Supplies uses the periodic inventory system Explanations are not required. (Record debits first then cre Exclude explanations from journal entries) - X Data Table ns red Apr. 10 Gamel Packing Supplies buys $145,000 worth of merchandise inventory on account with credit terms of 2/10, n/30. 12 Gamel returns $16,000 of the merchandise to the vendor due to damage during shipment. Gamel paid the amount due, less the return and discount 19 Print Done 2. What is the Net Amount of the purchase? T