During July 2022, the following transactions and events occurred for Alpha Juliet Charlie Ltd who uses a periodic inventory system and is registered for GST All transactions are GST Inclusive Date Transaction 3 7 2022 Purchased $3,850 of inventory terms 2 10, n 60 6 7 2022 Returned $550 of the inventory purchased on July 3 12 7 2022 Paid for the goods purchased on July 3 13 7 2022 Sold goods on credit for $6,490 terms 3 10, n 30 31 7 2022 Received payment from the customer of July 13 Required Prepare the journal entries to record the above transactions Narrations are NOT required (Narrations in the general journals are not required Both account names and figures should be correct in order to award marks Type your response directly in the text box below )

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During July 2022, the following transactions and events occurred for Alpha Juliet Charlie Ltd who uses a periodic inventory system and is registered for GST

During July 2022, the following transactions and events occurred for Alpha Juliet Charlie Ltd who uses a periodic inventory system and is registered for GST. All transactions are GST Inclusive.

Date	Transaction
3/7/2022	Purchased $3,850 of inventory; terms 2/10, n/60.
6/7/2022	Returned $550 of the inventory purchased on July 3
12/7/2022	Paid for the goods purchased on July 3.
13/7/2022	Sold goods on credit for $6,490; terms 3/10, n/30.
31/7/2022	Received payment from the customer of July 13.

Required:

Prepare the journal entries to record the above transactions. Narrations are NOT required.

(Narrations in the general journals are not required. Both account names and figures should be correct in order to award marks. Type your response directly in the text box below.)