QUESTION 1: PERIODIC JE: (You might need to add rows to your answers) Prepare the following journal entries for Mike's Football Outlet (Football store) Remember to determine whether a discount is given/taken! Show ALL Calculations in the space provided (round to 2 decimals where applicable) Each transaction is worth 3 or 4 points each. You are graded on your formatting, proper accounts, calculations, and correct amounts of debits and credits. Transaction Date 1 Dec 3 Purchased new footballs, for resale, from SPORTCHEK for $2000. Received Invoice # 4400, terms 2/15, n/30. 2 4 Received a bill and issued cheque # 121 to Wilson Delivery for $100 of delivery for the items purchased on Dec 3rd. 3 4 6 Sold footballs. Issued Sales Invoice #1314 to Tom Brady for $1 500, terms 3/15, n/30. 6 Issued Cheque #122 to Fedex Delivery for the shipment of goods to Tom Brady costing $120 for the delivery. 7 Received Credit Invoice #77 from SPORTCHEK - we returned $500 worth of goods to them. 18 Paid Invoice rest of invoice # 4400 with cheque # 123 7 19 Issued Credit Invoice # 52 to Tom Brady-this client returned $400 worth of goods to us (wrong type) 8 20 Received payment, in full, from Tom Brady. 9 23 Issued Cash Sales Slip #1315 to Christain McCaffery for $1000 for footballs sold. PLEASE USE THIS TEMPLATE & SHOW CALCULATIONS, THANK YOU. in 5 69 PLEASE USE THIS TEMPLATE & SHOW CALCULATIONS, THANK YOU. General Journal Particulars Acc. No. Debit Credit Transaction Date #1 (3 marks) # 2 (3 marks) # 3 (3 marks) # 4 (3 marks) # 5 (3 marks) # 6 (4 marks) #7.(3 marks) 28 marks Show your calculations Add/Delete Rows if necessary