Question 17 Not yet saved Marked out of 9.00 Seesaw Ltd is a growing retail business in Hornsby NSW, buying and selling children socks. Seesaw buys socks at $12 each and sells them at $1 and extends credit terms of 2/7, n/30 to its customers. Flag question During the month of March 2022, the following inventory transactions occurred: March 1 Purchased 400 socks on account for $12 each from ABC Ltd, terms 1/7,n/30 2 Paid freight costs of $180 on the March 1 purchases. 4 Sold 220 socks on account to XYZ Ltd for $18 each. 5 Returned 25 socks to ABC Ltd, and received $300 credit. 7 Paid ABC Ltd the amount owing. 12 Received payment from XYZ Ltd. 15 Sold 100 socks on account to Mr. Benson Ltd for $18 each. 20 Received payment of account from Mr Benson Ltd. Required: Journalise the above transactions for the month of March for Seesaw Ltd using a periodic inventory system. IGNORE GST. Narrations are not required.