Record the following transactions under the Periodic System of inventory and the Perpetual System of inventory. Please label each journal entry with the letter of the transaction.

a.A merchandiser purchases $1,600 of inventory on account, 2/15, n/60

b.The merchandiser returns $300 of the inventory purchased in transaction (a)

c.The merchandiser pays the balance of his account within 10 days of the purchase

d.The merchandiser sells merchandise for $6,000, on account for 1/10, n/30. This merchandise cost him $2,400.

e.The merchandiser receives a return of $300 of the sale (cost of $120)

f.The merchandiser receives payment on the balance of the sale, with the purchaser taking advantage of the discount