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Please provide the journal entries for the following facts. Noooo 081851 Your company uses the perpetual method. Bean Your company purchased 500 items of inventory

Please provide the journal entries for the following facts. image text in transcribed
Noooo 081851 Your company uses the perpetual method. Bean Your company purchased 500 items of inventory for $160,000 with the terms of 2/EOM, n/45 on 1/19/19. >? M INV 160K TAIP Your company returned $20,000 of faulty inventory on 1/28/19. RETURN 20x on 1120 GAIO 200 INN COMPANY PAID FULL AIP 140K ocash Your company paid for the inventory on 1/31/19. I-INV 6. Using the facts from #5, please do the three journal entries, now using the periodic method

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