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LO 3,6) BE8-9 Global Ltd. had beginning inventory of 50 units that cost $100 each. During September, the company pur- chased 200 units on account

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LO 3,6) BE8-9 Global Ltd. had beginning inventory of 50 units that cost $100 each. During September, the company pur- chased 200 units on account at $100 each, returned 6 units for credit, and sold 150 units at $200 each. (a) Journalize the September transactions, assuming that Global Led, uses a perpetual inventory system. (6) Journalize the September transactions, assuming that Global Land uses a periodic inventory system. (e) Assume that Global Ltd. uses a periodic system and prepares financial statements at the end of each month. An inventory count determines that there are 94 units of inventory remaining at September 30. Prepare the necessary adjusting entry at September 30

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