28) Journalize the following transactions using the periodic system: Aug. 6Purchased $1,030 of inventory on account from Johnston with terms of 2/10, n/30. Aug. 8 Purchased $2,001 of inventory...

28) Journalize the following transactions using the periodic system:

Aug. 6Purchased $1,030 of inventory on account from Johnston with terms of 2/10, n/30.

Aug. 8 Purchased $2,001 of inventory for cash from Pillner Company.

Aug.15 Paid for August 6 purchase from Johnston.

Aug. 17Purchased $1,700 of merchandise on account from Luis Company with Terms of 3/15, n/45.

29) Calculate period end Cost of Goods Sold with the following information:

Beginning Inventory $35,000

Purchases $49,000

Purchases Discounts $3,000

Purchases Returns $4,500

Transportation-in $2,000

Ending Inventory $42,000