Requirements 1. Journalize the purchase transactions assuming Garnier Packing Supplies uses the periodic inventory system. Explanations are not required. 2. What is the amount of net purchases? Apr. 10: Garnier Packing Supplies buys $162,000 worth of merchandise inventory on account with credit terms of 3/10, n/30. Date Accounts Debit Credit Apr. 10 Apr. 12: Garnier returns $15,200 of the merchandise to the vendor due to damage during shipment. Date Accounts Debit Credit Apr. 12 Apr. 19: Garnier paid the amount due, less the return and discount. Date Accounts Debit Credit Apr. 19 Requirement 2. What is the amount of net purchases? The amount of net purchases is $