Incomplete Data Company uses a perpetual inventory system. Record the following entries for the month of November, 20X7. Explanations are not required Nov 1: Incomplete Data Co. purchased merchandise from The Party Place for $4,100 under credit terms of 2/10, 1/30, n/60, FOB destination. Nov 5: Sold merchandise on account to Red Lilly Company for $1,000 FOB destination. This merchandise had cost Incomplete Data $515. Terms of sales 2/10, n30. Nov 6: Paid cash $50 for freight charges on Nov. 5 sale Nov 9: Granted credit to Red Lilly for shipment of the wrong merchandise. The selling price was $175 and the cost to Incomplete Data was $75 The merchandise was returned to inventory Nov 12 Purchased on account a computer from IBM in the amount of $1,200. Nov 25: Received a credit memorandum in the amount of $700 acknowledging the return of merchandise purchased from The Party Place on November 1 Nov 29: Paid the balance due to The Party Place Nov 30 Red Lilly Company paid their account in full Required: Part A: (16 Marks) Journalize the transactions for Incomplete Data Company, using the perpetual inventory system Part B: (4 Marks) Calculate the balance of inventory at November 20X7, assuming the opening balance is $2.000 Part C: (2 Marks) identity one transaction that would be recorded differently if the Incomplete Data Company used a periodic inventory system