Lecture 6 ran Sewin Machine Su lier Tran Sewing Machine Supplier buys sewing machines for RM800 each and sells them for RM1.000 each. On 1 August 2019, 86 sewing machines were in inventory. Tran Sewing Machine Supplier completed the transactions below during August. Aug 2 3 4 8 10 12 13 18 20 23 Purchased 140 sewing machines on account. Terms: 2/10, n130. Beng supplier's warehouse Paid freight cost of RM120 on 2 August purchase. Sold 80 sewing machines on account. Terms: 3/10, n130, Semo acquirer's warehouse. Paid freight cost of RMBO. Returned 30 of the desks purchased on 2 August and paid the amount due on the desks retained in stock. A customer returned 11 of the sewing machines sold on 4 August. The machines were not defective and were returned to stock. Purchased 72 sewing machines on credit. Terms: 2110. nl30, Beng supplier's warehouse. Received payment from customer for the amount due on 4 August sale. Sold 140 sewing machines for cash. Six of the sewing machines sold on 18 August were returned by a customer. The desks were not defective and were returned to stock. Paid the supplier the amount owed for the 12 August purchase. A physical inventory count taken on 31 August 2019 showed 63 sewing machines in stock. Required A. In two columns, prepare general journal entries to record the transactions assuming: 1. A perpetual inventory system is used. 2. A periodic inventory system is used