Problem #1 (scroll down for problem #2) Make the journal entries that would be made for each of the transactions given Purchase Entries PERPETUAL INVENTORY SYSTEM PERIODIC INVENTORY SYSTEM DI CH Or Cr Oct. 4 - Purchased $82,000 of merchandise, terms 2/10, 1/30 Oct. 6-Paid the freight costs of $1,000 in cash Oct. 9 Returned $2,000 of the merchandise as damaged. Oct. 13 - Paid the proper amount due to the vendor Dr CH D Sale Entries od. 7. Sold merchandise conting $1,500 for $2,800 on account Oct. 9 - The customer returned $200 of the merchandise for credit. Oct. 16 - Received the proper amount due from the customer. D EGH B Oct. 7. Sold merchandise costing $1,500 for $2,800 on account Oct. 9 - The customer returned $200 of the merchandise for credit. Oct. 16-Received the proper amount due from the customer. Problem #2 in the box to the right, describe three differences between the Perpetual and Periodic Inventory Systems