Marigold Ltd. had beginning inventory of 53 units that cost $100 each. During September, the company purchased 210 units on account at $103 each, returned 9 units for credit, and sold on account 154 units at $200 each. Your answer is partially correct. Prepare journal entries for the September transactions, assuming that Marigold uses a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Inventory Accounts Payable (To record purchase on account) Accounts Payable Debit 21630 927 Credit 21630 Inventory (To record purchase return) Accounts Receivable Sales Revenue (To record sales on account) Cost of Goods Sold Inventory (To record cost of goods sold) 30800 15862 927 30800 15862 Prepare journal entries for the September transactions, assuming that Marigold uses a periodic inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation (To record purchase on account) (To record purchase return) (To record sales on account) eTextbook and Media List of Accounts * Your answer is incorrect. Debit Credit Assume that Marigold uses a periodic system and prepares financial statements at the end of each month. An inventory count determines that there are 100 units of inventory remaining at September 30. Prepare the adjusting entry that is needed at September 30 to report cost of goods sold. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Sep. 30 Debit 10000 Credit