Using the periodic inventory system, prepare general journal entries for the following transactions of Heidelberg Housewares (assume no GST):

1. Purchased inventory on credit for $58 200.

2. Sold inventory for $18 800 in cash and $16 730 on credit.

3. A customer returned goods she had bought on credit for $1840.

4. Purchased a computer to be used in the business for $2400 cash.

5. Returned inventory for credit that was previously purchased for $1060.

6. Purchased inventory on credit with $12 800 list price. A 25% trade discount applies.

7. Sold inventory for $7600 on credit.