Part 1 18 marks) The following transactions occurred during June 2020 for Trust Tyre Ltd. Amounts include GST unless otherwise stated. The company uses the perpetual inventory system.- Date 5 June 7 June Transaction Purchased $4,950 of inventory on credit. Returned $660 of damaged goods purchased on the 5 June.- Sold inventory on credit for $9,350, n/30. These goods cost the business $4,250, net of GST. 9 June 12 June Received inventory as a sales return from the 9 June sale, $561. The cost of inventory received was $300, net of GST. t Required: Prepare journal entries for Trust Tyre Ltd. GST must be accounted for and narrations are not required. Part 1 18 marks) The following transactions occurred during June 2020 for Trust Tyre Ltd. Amounts include GST unless otherwise stated. The company uses the perpetual inventory system.- Date 5 June 7 June Transaction Purchased $4,950 of inventory on credit. Returned $660 of damaged goods purchased on the 5 June.- Sold inventory on credit for $9,350, n/30. These goods cost the business $4,250, net of GST. 9 June 12 June Received inventory as a sales return from the 9 June sale, $561. The cost of inventory received was $300, net of GST. t Required: Prepare journal entries for Trust Tyre Ltd. GST must be accounted for and narrations are not required