(Q4-4) Journalize the following transactions under the periodic inventory system

1 September purchased merchandise on Credit from Tiger company terms n/15 FOB shipping point, TL 1.850

4 september received and paid the invoince for the shipment of the merchandise purchased on 1 September, amounting to TL 150

5 september returned the outdated merchandise that was purchased on 1 September for Credit, TL 650.

12 september paid for the purchase made on 1 September

15 september sold merchandise on Credit from ringo company, amounting to TL 2.475. The sales terms were FOB destination, and paid TL 125 for shipping charges.

(Q4-5) Journalize the transactions in problem 4-4 above using the perpetual inventory System ; assume that the merchandise sold on 15 september cost TL 1420.

1- Journalize and post the transactions 2- Prepare a trial balance 3- Prepare the income statement through gross margin 4- Prepare the closing entries

Please solve Q4.4 and Q-4.5