Soumalize purchase and sales transactions under a perpetual and periodic inventory system On Januery 1, Magaly Office Supply has an inventory of 40 calculators at a cost of $20 each. During January the following transactions occurred. January i Purchased 120 calculators at \$25 each from Nagasaky. FOB shipping point, terms 2/10, n /30. 9 Paid freight of $100 on the calculators purchased from Nagasaky, Co. 11 Returned 15 calculators to Nagasaky because they did not meet specifications. 13 Sold 40 calculators costing $20 for $32 each to Bistro Stores, terms 3/10,n/30. 15 Granted credit of $64 to Bistro Stores for the return of two calculators. 16 Sold 50 calculators costing $25 for $40 each to Diclikson Shop, terms 17 Payment to Nagasaky in full 23 Bistro Stores paid in full. Instructions (a) Journalize the transactions for the month of January for Magaly Office Supply using a periodic inventory system. Value 44 pts. (b) Journalize the transactions for the month of Januaty for Magaly Office Supply, using a perpetual inventory system. Value 52 pts. * x fr On lawary 1, Mogaly oifice Supply has an inventory of 40 calculatori at a cost of $20 each. During daniary the bilewing taneaction eccuned b Paid hegit ef $100 on he cwou whor purcheped rom Nagasaby. Cs. 11 Aetites 15 calsulabrsto Nagasayy becaume ther tid ret neel spechatore. 14. Sold So ealsulabrs coetha 126 be f40 eath to Dicion Shop, wern 1) Paymart o hagasaky in tut 23. 8 the siores padin ut. hatructions (a)