Suppose Sports-R-Us purchases $40,000 of sportswear on account from Pacific Trail on March 1,2013. Credit terms are

Question:

Suppose Sports-R-Us purchases $40,000 of sportswear on account from Pacific Trail on March 1,2013. Credit terms are 2/10, net 30. Sports-R-Us pays Pacific Trail on March 8, 2013.
1. Journalize the transactions for Sports-R-Us on March 1, 2013, and March 8, 2013, using (1) the perpetual system and (2) the periodic inventory system.
2. What was the final cost of this inventory for Sports-R-Us?