Suppose you have business of laptops under the same brand PAPAs (i.e) PAPAs Computer Store and following transactions show purchases and sales of laptops during September:

Sep. 1: Balance on hand, 30 laptops having cost $60 each.

Sep. 4: Purchased 20 laptops at a cost $62 each on account.

Sep. 8: Sold 35 laptops at sale price $80 each on cash.

Sep. 9: Purchased 25 laptops at cost $65 each on cash.

Sep. 15: Purchased 40 laptops at cost $65 each on credit.

Sep. 20: Sold 55 laptops at sale price $90 each on credit.

Sep. 25: Purchased 35 laptops at cost $70 each on cash

Sep. 28: Sold 15 laptops at sale price $100 each on credit.

Sep. 30: Sold 25 laptops at sale price $115 each on cash.

Instructions:

1. If you are following perpetual inventory system, how will you prepare inventory subsidiary ledger if you have planned to avail financing of $250,000 from Azizi Bank this year?
2. If you dont have any plan to take financing but have intentions to save taxes then how will you prepare inventory subsidiary ledger.