Pina Colada Ltd. had beginning inventory of 55 units that cost $104 each. During September, the company purchased 205 units on account at $104 each, returned 6 units for credit, and sold 158 units at $204 each on account.

Journalize the September transactions, assuming that Pina Colada Ltd. 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 0 for the amounts.)

Journalize the September transactions, assuming that Pina Colada Ltd. 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 0 for the amounts.)

Assume that Pina Colada Ltd. uses a periodic system and prepares financial statements at the end of each month. An inventory count determines that there are 96 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.)