QUESTION 2 (25 Marks) A. Mentan Bersinar Bhd started the year with merchandise inventory that cost RM5,384.00 Dunng the year, Mentan Bersinar Bhd has the following transactions 1. IV Purchase RM38,000.00 worth of goods from suppliers, with the terms 2:10, n/30, FOB shipping point. Freight costs were RM1,420.00. Retumed RM2,500.00 worth of those purchases to suppliers. Paid suppliers for purchases within the discount period Made RM72,000.00 sales on account to customers of inventory that cost RMB6,000.00 Accepted RM648.00 worth of sales returns from customers of goods that had an original cost to the firm of RM324.00. (Record both the sales and the cost components of the transaction) REQUIRED: a. Assume Mentari Bersinar Bhd uses a perpetual inventory system in recording inventory cost. Give the journal entry for each of the following transactions. b. Post the relevant entries to the Inventory T-account. [16 Marks] [4 Marks]