RECOMMENDED!!Your firm made a payment to an inventory supplier

  

do the following questions both periodically and perpetually.1. Your firm made a payment to an inventory supplier on account. The amount paid was $535, and you took the following terms: 3/10, n30.2. Defective Merchandise that you bought several weeks ago was returned for a cash refund. It was $700 (+13% HST)3. You sold $2,000 (+ 13% HST) of inventory to a customer for cash. The value of the merchandise was $1,200.4. You paid Federal Express to ship one of your recent inventory purchases to yourself. The bill was $200 (+13% HST). You paid it in cash.

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