Prepare journal entries for the following transactions of Retailer Inc., which uses a perpetual inventory system. purchase using the gross method. sales and cost of goods sold entries for the week ended June $7.$ Record sales taxes payable in a separate account.

c$.$ On June $10,$ record Retailer Inc.$\text{'}$s full payment of its account balance with its supplier. credit sales. Record the sales and cost of goods sold entries for the week ended June $7.$ Record sales taxes payable in a separate account.

$\backslash$table$[[$Date$,$Account,Dr$.,$Cr$.],[$a$.$ June $1,$Inventory,$24360,],[$Cash$,,24360],[vv,,],[$To record inventory$\_$purchase.,,$],[$b$.$ June $7,$Cash,$2544,],[$Accounts Receivable,$7632,],[$Sales Taxes Payable,,$576],[\frac{1}{r},,0],[$To record sales and sales taxes payablef,,$],[$b$.$ June $7,$Cost of Goods Sold,$4800,],[$Inventory$,,4800],[$To record costs of goods sold.,,$],[$c$.$ June $10,x-20,,],[,,],[v,,],[$To record payment on account.,,$]]$