Following are the transactions of a Merchandise business. Product Desktop computer Cost price per unit $400 Table computer $60 Landline telephone $60 4-in-1 desktop printer $100 Date 2022 Transactions March 1 March 7 March 17 April 1 April 10 May 1 May 8 June 1 June 6 June 10 California Business Solution purchases 10 electronic hardware packages at a cost of $620 each by paying cash. CBS purchases 30 desktop computers on credit at a cost of $400 each. The credit terms are n/15 with an invoice date of April 7. CBS makes full payment on the amount due from the April 7 purchase CBS purchases 67 tablet computers at a cost of $60 each on credit. The payment terms are 5/10, n/30, and the invoice is dated May 1. CBS pays their account in full. CBS purchased 300 landline telephones with cash at a cost of $60 each. On June 3, CBS discovers that 25 of the phones are the wrong color and returns the phones to the manufacturer for a full refund.. CBS discovers that 60 more phones from the June I purchase are slightly damaged. CBS decides to keep the phones but receives a purchase allowance from the manufacturer of $8 per phone. CBS purchases 80 units of the 4-in-1 desktop printers at a cost of $100 each on credit. Terms of the purchase are 5/15, n/40, with an invoice date of July 1. CBS discovers 15 of the printers are damaged and returns them to the manufacturer for a full refund. CBS discovers that 4 more printers from the July 1 purchase are slightly damaged but decides to keep them, with the manufacturer issuing an allowance of $30 per printer. June 15 Required CBS pays their account in full, less purchase returns and allowances. Prepare journal entries by using perpetual inventory system