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Assignment#5 The followings are the merchandise transactions happened under perpetual inventory system 1-Jun-20 Sold merchandise to WTS Inc. for $8,000 term 2/5, 1/15 FOB (COST of SALES is $7,000) 1 2 2-Jun-20 Purchased $3250 of merchandise from South West Supplier 1/10 1/20, FOB 3 4-Jun-20 Purchased $18,500 inventory from Brandon Sales 1/15, 1/45 FOB 4 5-Jun-20 Sold merchandise to Mitre Inc. for $13,000 term 2/5, 1/15, FOB (Cost of sales is $8,000) 5 6. Jun 20 Collected the amount owing from WTS Inc. regarding the Junt sales. 6 12-Jun-20 Paid South West Supplier for Jun2, 2020 purchase 7 20-Jun-20 Collected the amount owing from Mitre Inc. 8 30-Jun-20 Paid Brandon Sales for the Jun4 purchase Please make entries for the above transactions