Seesaw Ltd is a growing retail business in Hornsby NSW, buying and selling children socks. Seesaw buys socks at $12 each and sells them at $18, and extends credit terms of 2/7, n/30 to its customers.

During the month of March 2022, the following inventory transactions occurred:

March 1	Purchased 400 socks on account for $12 each from ABC Ltd, terms 1/7,n/30
2	Paid freight costs of $180 on the March 1 purchases.
4	Sold 220 socks on account to XYZ Ltd for $18 each.
5	Returned 25 socks to ABC Ltd, and received $300 credit.
7	Paid ABC Ltd the amount owing.
12	Received payment from XYZ Ltd.
15	Sold 100 socks on account to Mr. Benson Ltd for $18 each.
20	Received payment of account from Mr Benson Ltd.

Required:

Journalise the above transactions for the month of March for Seesaw Ltd using a periodic inventory system. IGNORE GST.

Required: Journalise the above transactions for the month of March for Seesaw Ltd using a periodic inventory system. IGNORE GST.