K On April 30, 2020, McMurray Jewellers purchased inventory of $45,000 on account from Gates Gems Ltd., a jewellery importer. Terms were 2/15, n/45. On receiving the goods McMurray checked the order and found $5,500 worth of items that were not ordered but included in the invoice. McMurray returned this amount of merchandise to Gates on May 4. On May 14, McMurray paid Gates Required 1. Joumatze all necessary transactions for McMurray Jewellers, which uses the perpetual inventory system. Explanations are not required 2. Joumalize the transactions of Gates Gems Ltd. which uses the perpetual inventory system. Gates's gross margin is 30 percent, so cost of goods sold is 70 percent of sales Explanations an not required COLD