Griffin Company purchases and resells various electronics to consumers. Listed below are the transactions for the month of September. Griffin has a beginning inventory balance of $5,900 at September 1.

Sep.1 Purchased $11,000 of merchandise inventory; terms 1/15, n/30.

Sep 7Purchased for cash $9,900 of merchandise inventory.

Sep 9Contacted a major supplier to place an order for $55,000 to be shipped on October 31.

Sep 10Purchased $16,500 of merchandise inventory; terms 2/15, n/45.

Sep 11Purchased $2,700 of supplies; terms n/15.15Paid for the merchandise purchased on September 1.1

Sept 18Paid for the supplies purchased on September 11.

Oct.20Paid for the September 10 purchase.

Instructions

a)Journalize the transactions using the perpetual inventory system.

b)Determine the balance of the Inventory account at September 30