Question 3 The following are recent merchandising transactions of Lamprino Appliance Co June 3 Purchased 10 televisions from Mitsu Industries on account for $300 per unit . The term is 2/10, n30. FOB shipping point. Lamprino paid $100 to an independent logistic company for freight cost. June 4 Returned one unit of television to Mitsu Industries because of defection in the TV picture tube. June 5 Sold three of Mitsu televisions for $650 cash each on account with terms: 3/10, n30. DDP paid for its freight cost of $50. June 10 DDP returned a set of the television because of a spoilt capacitor. June 13 Paid Mitsu Industries for the June 3 purchases. June 14 Purchased 5 sets of television on credit, terms; 2/10, n30 from EXW Electronic Industry. The cost was $280 per set. June 14 Received payment from DDP Company for the amount due on June 5 purchase. June 19 Sold 8 sets of EXW Electronic purchases for cash at $650 to walk-in customers. June 20 Four of the TV set sold on June 19 were returned by the customer for a cash refund. The TVs were not defective but the return was within the company's return policy of non-satisfaction. June 24 Paid EXW for the amount owed for the April 14 purchases. A physical inventory count taken on May 31 showed two (2) sets of television on hand. Required: a Prepare journal entries to record the above transactions of Lamprino Appliance Co assuming that a: (1) perpetual inventory system is used (2) periodic inventory system is used