Question 2 7 Marks Cracko Ltd uses a perpetual inventory system. During September, the following transactions and events occurred. All transactions are exclusive (net) of GST. Sept 3 Purchased $3,000 of inventory terms 2/5, n/60. 6 Returned $300 of the inventory purchased on Sept 3. 7 Paid Freight charges of $150 on goods purchased on Sept 3. Paid for the goods purchased on Sept 3. 12 13 Sold goods on credit for $1,000, terms 1/5, n/30. Cost of Sales was $400. Received payment from the customer of Sept 13. 23 Required: Prepare the journal entries to record the transactions and include/add GST (10%) where applicable. 5