Problemi On September 1, Lance's DVD's Store had an inventory of 40 DVD's at a cost of $350 each. During the month of September, the following transactions occurred. Sept. 4 6 7 Purchased 80 DVDs at a cost of $350 each from Lamont DVD's Company, terms 2/10, n/30. Sold 35 DVDs to Team Minnesota for $500 each, terms 1/10, n/30. Received credit from Lamont DVD's Company for the return of 10 defective DVDs. Issued a credit memo to Team Minnesota for the return of 5 defective DVD. Paid Lamont DVD's Company in full, less discount. 13 14 Instructions A Prepare the journal entries to record the transactions assuming the company uses a perpetual Inventory system in the general Journal page 3. B. Prepare the journal entries to record the transactions assuming the company uses a periodic Inventory system in the general journal page 4. GENERAL JOURNAL J-3 Date Account Title and Explanation Ref Debit Credit