Q1: (10 marks) Caleb Borke, a former disc golf star, operates Caleb's Discorama. At the beginning ofthe current season on April 1. The following transactions were completed during April. Apr. 5 Purchased golf discs, bags, and other inventory on account from Innova Co. $1,200, FOB distention, terms 3/10, 1/60. Apr.7 Paid freight on Innovas purchase $50. Apr.9 purchased supplies for 7000S on cash. Apr. 10 Sold merchandise on account for $800, terms n/30. The merchandise sold had a cost of $340. Apr. 12 Purchased disc golf shirts and other accessories on account from Lightning Sportswear $670, terms 1/10, n/30. Apr. 16 Paid Innova Co. in full. Apr. 17 Received credit from Lightning Sportswear for merchandise returned $100. Apr.20 Made sales on account for $660, terms l\10. n/30. The cost of the merchandise sold was $340. Apr.21 Paid Lightning Sportswear in full. Apr.30 Received payments on account from customers $800. Instructions Journalize the April transactions using a perpetual inventory system when Caleb Borke, a former disc golf star purchased (b) Journalize the April transactions using a periodic inventory system when Caleb Borke, a former disc golf star sold inventory