The following transactions are for Read Everywhere Pty Ltd for the month of January 2021, and the business uses periodic inventory system: Jan. 3 Purchased books for $45,000, terms 2/10, n/30. Jan. 8 Returned $1,600 of the books bought on January 3 to the supplier. Jan. 10 Paid for the books purchased on January 3. Jan. 17 Sold books for $60,000 on account. Jan. 22 Customer returned $1,200 of the books sold on January 17. Required: a) Prepare the journal entries to record the transactions. Ignore GST. (5.5 Marks). b) Prepare the journal to record the first transaction (i.e., 3 January) assuming that Read Everywhere Pty Ltd uses a perpetual inventory system and the purchase price of $45,000 is GST exclusive. Assumes GST applies (1.5 Marks). Narrations are not required