QUESTION 3 The following are the transactions that have been involved by Perniagaan Runcit Rakyat during the month of September 2010: Sept. 1 Purchased a total of RM2,000 of merchandise on credit from Dolmat Company with a credit condition of 2/10, n/30. The transportation cost is RM100. Terms of transport are FOB Shipping Point. 2 Return the damaged supply to Dolmat Company worth RM150 for purchase on 1 September. 5 Selling groceries to customers in cash worth RM800. The cost of goods sold is RM420. 6 Give a total of RM70 discount to customers due to minor damage to items sold on 5 September. The cost of this damaged item is RM20. 10 Settled the balance due to Dolmat Company for transaction on 1 September 21 Selling groceries worth RM1,500 on credit to En. Budiman, on credit terms, 1/10, n/30. The cost of these items sold is RM700. 30 Received the balance due from En. Budiman for his purchase on September 21. Be required: Journal the above transactions into a general journal assuming the company uses; a) Continuous inventory system. b) Periodic inventory system