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I. Infrrmation related to D Gel Co.. a merchandising company. is presented below. (h April 5. purchased merchandise from Timpson Company for $25,000 terms 2/10, net,t30 (h April 6, paid freight costs of $900 on merchandise purchased from Timpson. AIVil 8. returned damaged merchandise to Timpson Company and was granted a $4,000 merchandise. April IS, the amount due to Timpson Company in full. April 16, sold of merchandise to Trump Co.. terms 2/10. r3(), FOB cost ofthe merchandise sold was Ch April 18, Trump Co. returned of defected merchandise, purchased on April 16. scrap valtr of this defective merchandise was S 12000. 26, DGel Co., Company receiJed the balance due from Trump Co. Pr.re the journal entry to record the transaction under a perpetual inventory system and the system. (14 Marks)