Riverland Ltd uses a periodic inventory system. During April, the following transactions and events occurred: April 3 6 12 Purchased $3,500 of inventory; terms 1/10, n/60. Returned $400 of the inventory purchased on April 3. Paid for the goods purchased on April 3. Sold goods on credit for $2,000; terms 1/10, n/30. The customer of April 13 returned $50 of the goods. 13 Text 14 Required: (1) Prepare the journal entries to record the above transactions. Ignore GST. (5.5 Marks) (2) Prepare the journal to record the first transaction (i. e. 3 April). Assuming that Riverland uses a perpetual inventory system and the purchase price of $3,500 is GST exclusive. (1.5 Marks). (Both account names and figures should be correct in order to award marks. Type your response directly into the template in the text box below.)