Page view A Read aloud Add text - Draw- Highlight frase QUESTION 4 (22 Marks) LO1, LO2 The following merchandising transactions relate to Sun Co: i. On October 1, Sun Co purchases merchandise for BD2,800 on credit with terms of 3/5, n/30, FOB shipping point; invoice dated October 1 ii. On October 5, Sun Co pays cash for the October 1 purchase iii. iv. On October 7, Sun Co discovers and returns BD200 of the defective merchandise purchased on October 1 for a cash refund On October 13, Sun Co sells merchandise for BD3,000 on credit. The cost of merchandise is BD1,600 V. On October 16, a customer returns merchandise from the October 13 transaction. The returned items sell for BD400 and cost BD200 Required: Journalize the preceding merchandising transactions for Sun Co assuming it uses a perpetual inventory system