Journal entries — perpetual inventory system Non-GST version Record the following transactions in the general journal of Camberwell Ltd using the perpetual inventory system (assume GST does not apply).
1. Purchased 300 units for \($240\) each on credit.
2. Returned 25 units to the supplier.
3. Sold 54 units for \($360\) each on credit.
4. Purchased office supplies for \($280\) with a direct debit.
5. Customer returned 5 of the units sold in (3).
6. Sold 35 units for \($380\) each on credit.
7. The physical inventory count at the end of the period consisted of 190 units of inventory.