QUESTION ONE: Times Books Warehouse is owned by Stephen Guy. It sells hardback books to retail stores and extends credit terms of 3/15, 1/30 to all its customers. The business uses a perpetual inventory system to account for its inventory The business has been registered for GST GST rate is 10% The following selected information is available for "Times Books Warehouse." for the week ended 7 April 2021 1st April Purchased 300 books on account for $20 (plus GST) each from 'Happy Publishes'. Credit Terms: 3/10, n/30. 2nd April Stephen Guy returned 10 books to Happy Publishes' (supplier) due to minor defects in printing of some the books 4th April Sold 100 books on account to Readers-R-Us' for $30 (plus GST) each 7th April Paid Happy Publishes (supplier) for 1st April purchases REQUIRED: Prepare the journal entries to record each transaction in April 2021 (Narrations not required). (2 + 1 + 2 +3 = 8 Marks)