Perpetual and Periodic Systems-Recording Inventory-Related Entries using the Gross Method The following transactions are from Sharper Vision Corporation. 1. Purchased inventory on December 10, 2020, with a list price of $2,250, a trade discount of 20%, and with terms 2/10, n/30. 2. Returned $300 of inventory to the supplier on December 15, 2020. 3. Paid $1,200 cash on account on December 19, 2020. 4. Paid the remaining balance on January 5, 2021. Round answers to the nearest whole dollar. Perpetual inventory system Periodic inventory system a. Prepare journal entries for the transactions 1 through 4, assuming that the company uses the perpetual inventory system and the gross method for recording purchase discounts. Date Dec. 10, 2020 Inventory Account Name Accounts Payable Dec. 15, 2020 Accounts Payable Inventory Dec. 19, 2020 Accounts Payable Inventory Cash Jan. 5, 2021 Accounts Payable Cash Please answer all parts of the question. Dr. Cr. 2,000 0 2,000 300 0 = 0 300 O O 0 0 0 7 0 1,200 OO 0 0 0 0