Printwell Ltd buys and sells printers. The following are transactions that relate to movements in the inventory account for January 2023: January 5 6 8 15 16 Purchased 40 printers from BNM Ltd for $3,920, terms 4/7, n/30. Paid freight costs to Freight Masters of $525 on inventories purchased from BNM Ltd. Returned incorrect inventories (5 printers) to BNM Ltd and was granted a $490 allowance. Sold 10 printers on account to JKL Ltd, $1,470, terms 5/7, n/30. JKL Ltd returned 1 printer that was faulty. Printwell Ltd issued a credit note to JKL Ltd for the amount of $147. Printwell Ltd found that it was not possible to fix the printer. Required: For the purpose of this question, ignore GST. Narrations are not required. Prepare the journal entries for the transactions occurred during January 2023 assuming Printwell Ltd uses a perpetual inventory system.