Record the journal entries for the following transactions of Decker Co. if the company uses a)...

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Record the journal entries for the following transactions of Decker Co. if the company uses a) Perpetual Inventory System and b) Periodic Inventory System a. January 11: Decker Co purchased merchandise on credit from Schafer Merchandising, terms 2/15, n/30, $5,300. b. January 20: Decker Co. received a $1,900 credit memorandum from Schafer Merchandising for an allowance on goods purchased on January 11. c. January 31: Decker Co. paid Schafer Merchandising the balance due. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddimmm (.e., January 15 would be 15/Jan) a) Perpetual Inventory System b) Periodic Inventory System Account/Explanation DE ON 40>> Pagr Account Expranation PR Dutil Creat DE Record the journal entries for the following transactions of Decker Co. if the company uses a) Perpetual Inventory System and b) Periodic Inventory System a. January 11: Decker Co purchased merchandise on credit from Schafer Merchandising, terms 2/15, n/30, $5,300. b. January 20: Decker Co. received a $1,900 credit memorandum from Schafer Merchandising for an allowance on goods purchased on January 11. c. January 31: Decker Co. paid Schafer Merchandising the balance due. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddimmm (.e., January 15 would be 15/Jan) a) Perpetual Inventory System b) Periodic Inventory System Account/Explanation DE ON 40>> Pagr Account Expranation PR Dutil Creat DE