please help with B. and C.

NL Receipt of inventory. New Sales Company has just gone into business and is starting to receive inventory items it has ordered. The problem facing New Sales is that no one knows whether the system to use should be the periodic or perpetual system. Complete parts a, b, and c. Record each of the following transactions using the periodic method. $50. Goods costing $35 were damaged and were returned to the seller, the seller reduced the NED Purchased $5,000 of goods on account. The freight charges on the goods were May 6 amount owed by $35. May 9 May 26 New Sales found that items costing $95 were not ordered and could not be used. New Sales returned the items, and the supplier reduced the amount owed. Paid the supplier the amount owed. Periodic Inventory Entries: 516 Inuntory Soso Accs kizabe Cash Arets Payable truenday 819 Acets Regalte Thurtery 526 feets payable 10 w 4270 175 b Record each of the following transactions using the perpetual method. May 6: Purchased $5,000 of goods on account. The freight charges on the goods were $50. Goods costing $35 were damaged and were returned to the seller, the seller reduced the amount owed by $35 May New Sales found that items costing 895 were not ordered and could not be used, New Sales returned the items, and the supplier reduced the amount owed. May 26 Paid the supplier the amount owed. Perpetual Inventory Entries C What information can you get from the periodic system that you cannot get from the perpetual system? What information can you get from the perpetual system that you cannot get from the periodic system? 176