Help As soon as possible please, IN ACCOUNTING FORMAT:

Assume you are using perpetual inventory system A) Record the below transactions in a journal B) Post the transactions to T-Ledger Accounts C) Then determine the followings Merchandise Inventory Balance S COGS Balance Net Sales Gross Profit on Sales Gross Profit Rate Transactions 1. Purchased goods for $140,000 on credit with terms 2/10, n30. 2. Returned $5,000 of the merchandise. 3. Paid for the merchandise in transaction 1 within 10 days 4. Sold goods for S45,000 on credit with terms 2/10, n 30. The cost of the goods was $25,000. 5. $4,000 of the goods in transaction 4 was returned. Sale price of goods was $7,000 6. Received payment for transaction 4 within 10 days. 7. Goods in transaction 1 w purchased with FOB shipping point. The transportation cost $300 ere was paid in cash. S. It's discovered that $700 worth of goods was missing