PERIODIC INVENTORY SYSTEM.  I only need assistance with the PERIODIC INVENTORY SYSTEM portion of this assignment.  THe portion in red ONLY.  Please explain the attached problem.  I am having a hard time getting this one and I really need assistance.QS 5-1:Prepare journal entries to record each of the following purchases transactions of a merchandising company.  Show supporting calculations and assume a perpetual inventory system.  Mar. 5    Purchased 600 units of product with a list price of $10 per unit.  The purchase is               granted a trade discount of 20%; term of the sale are 2/10, n/60; invoice is dated               March 5.Mar. 7    Returned 25 defective units from the March 5 purchase and received full credit.Mar. 15  Paid the amount due from the March 5 purchase, less the return on March 7.  QS 5-9A: Refer to QS 5-1 and prepare journal entries to record each of the merchandising transactions assuming that the periodic inventory system is used.  QS 5-2:Prepare journal entries to record each of the following sales transactions of a merchandising company.  Show supporting calculations and assume a perpetual inventory system.Apr.  1    Sold merchandise for $3,000, granting the customer terms of  2/10, EOM;                invoice dated April 1.  The cost of the merchandise is $1,800.Apr.   4   The customer in the April 1 sale returned merchandise and received credit $600.                  The merchandise, which had cost $360, is returned to inventory.Apr. 11    Received payment for the amount due from the April 1 sale less the return on                 April 4.        QS 5-10A:  Refer to QS 5-2 and prepare journal entries to record each of the merchandising transactions assuming that the periodic inventory system is used.QS 5-1:Prepare journal entries to record each of the following purchasestransactions of a merchandising company. Show supporting calculationsand assume a perpetual inventory system.Purchased 600 units of product with a list price of $10 perunit. The purchase isgranted a trade discount of 20%; term of the sale are2/10, n/60; invoice is datedMarch 5.Returned 25 defective units from the March 5 purchase andreceived full credit.Mar. 15 Paid the amount due from the March 5 purchase, less the returnon March 7.QS 5-9A:Refer to QS 5-1 and prepare journal entries to record each of themerchandising transactions assuming that the periodic inventory systemis used.QS 5-2:Prepare journal entries to record each of the following salestransactions of a merchandising company. Show supporting calculationsand assume a perpetual inventory system.Sold merchandise for $3,000, granting the customer terms of2/10, EOM;invoice dated April 1. The cost of the merchandise is$1,800.The customer in the April 1 sale returned merchandise andreceived credit $600.The merchandise, which had cost $360, is returned toinventory.Received payment for the amount due from the April 1 saleless the return onApril 4.QS 5-10A:Refer to QS 5-2 and prepare journal entries to record each of themerchandising transactions assuming that the periodic inventory systemis used.

Write 5 pages with APA style on Higher Education Task Force Report. The essay needs to dwell mainly on the role of CBI Higher Education Task Force in reporting on the topic of ‘Stronger together: Government policy on this crucial issue is another aspect, which can determine the guidelines to be formulated.

The proposed essay structure needs to present an analysis of the view points of different industry heads on the possibilities of investing funds by them and the government to speed up the process of economic growth. The role of media needs to be pinpointed to know the impact of the campaign on higher education policy. Contribution of media in initiating a national debate through various broadcasting channels would add value to the content of the essay. The government, universities and the businesses are the direct stakeholders while students will reap the benefits indirectly by getting grants on tuition fees and right employment opportunities. Sam Laidlaw is not only the chairman of the CBI HE taskforce but also the chief executive of Centrica. Hopefully, his views should present a clear picture of all aspects including not just employment but the niche area to pay more attention, namely subjects like science, technology, engineering and maths (STEM) where the demand of the businesses on hunting talent has not been fulfilled and is going to rise further in future. Arguments given for creating and developing stronger relations between the universities, government and businesses in turbulent times need to be discussed in the proposed essay to substantiate the steps and recommendations made in the report.