9 Blingbling Co. is an office supply store. During the month of August the company had the following transactions: March 1 Purchased ten Nonac copying machines on account from Nonac Corp. Total invoice price was $4,000 per machine ($40,000 total); terms of 3/10,n/30. These machines are intended for resale. 3 Found two of the Nonac copiers to be defective and returned it to Nonac, thus reducing the amount owed. Sold three of the Nonac copiers to Larry Realty on credit. The sales price was $6,500 per machince, terms 4/10,n/60. 10 Paid for six of the Nonac copying machines owned to Nonac Corp. 18 Received payment from Larry for the three machine he bought on August 9. 21 Paid the remaining amount owned to Nonac Corp.. Requirement: (A) The company uses a perpetual inventory system, records purchases at net cost, and records sales revenue at full invoice price. Record the above transactions in the company's general journal. (B) The company uses a periodic inventory system, records purchases at gross cost, and records sales revenue at full invoice price. Record the above transactions in the company's general journal inventory 2. Compute Cost of Good Sold Freeman Go Crazy Inc. Accounting records were as follows: Ending Inventory at July 31, 2020 was $330,000 Purchases Made during the month of August amounted to 985,000 The company Sales reported for August was $ 1,500,000 The company gross profit margin for the month of August was 45% Requirement: Requirement: Compute the cost of Goods Sold and the Ending Inventory for the month of August 2020