QUESTION 1 Sansomite Sdn. Bhd. distributes suitcases to retail stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of June, Sansomite's inventory consisted of 40 suitcases purchased at RM 30 each. During the month of July, the following merchandising transactions occurred. July. July. July. July July July. Purchased 60 suitcases on account for RM 30 each from Trunk Manufacturers Sdn. Bhd., terms 2/10, n/30. 3 Sold 40 suitcases on account to Satchel World for RM 50 each, terms 1/10, n/30. 9 Paid Trunk Manufacturers Sdn. Bhd. in full. 11 Received payment in full from Satchel World. 17 Sold 30 suitcases on account to The Going Concern for RM 50 each, terms 1/10, n/30. 18 Purchased 60 suitcases on account for RM 1700 from Kingman Manufacturers Sdn. Bhd., FOB shipping point, terms 1/10, n/30. The appropriate party also made a cash payment of RM 100 for freight on this date. 20 Received RM 300 credit (including freight) for 10 suitcases returned to Kingman Manufacturers Sdn. Bhd. 21 Received payment in full from The Going Concern. 22 Sold 45 suitcases on account to Fly-By- Night Sdn. Bhd. for RM 50 each. 30 Paid Kingman Manufacturers in full. July July. July. July. Sansomite Sdn. Bhd. chart of accounts includes the following: Acet Acet Nbr Account title: Nbr Account title: 101 Cash 401 Sales 112 Accounts Receivable 4 12 Sales Returns and Allowances 120 Merchandise Inventory 414 Sales Discounts 201 Accounts Payable 505 Cost of Goods Sold REQUIRED: Journalize the transactions for the month of July for Sansomite Sdn. Bhd. using a perpetual inventory system