Prepare general journal entries for the following four transactions for Entity Ltd. In this question, GST is applicable; the NZ rate of GST is 15%. Entity Ltd uses the perpetual inventory system; for this question, do not prepare the journal entry to record the COGS. 1. Inventory purchased from a supplier and paid for in cash. The invoice total was $150 789. 2. Inventory purchased from a supplier on credit. The cost of the inventory was $894 523. 3. Inventory sold to a customer for cash. The invoice total was $11 459. 4. Inventory sold to a customer on credit. The inventory sale price (GST exclusive) was $63 450