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Words: 0 QUESTION 13 Griffin Company purchases and reselis various electronics to consumers. Listed below are the transactions for the month of September. Griffin has

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Words: 0 QUESTION 13 Griffin Company purchases and reselis various electronics to consumers. Listed below are the transactions for the month of September. Griffin has a beginning inventory balance of 55.900 at September 1 Sep, 1 Purchased $11,000 of merchandise inventory, terms 1/15 6/30 Purchased for cash $9.900 of merchandise Inventory. 9 Contacted a major supplier to place an order for $55.000 to be shipped on October 31 10 Purchased $16.500 of merchandise inwentory: terms 2/15/45. 11 Purchased $2,700 of supplies termsn/15, 15 Paid for the merchandise purchased on September 1 18 Paid for the supplies purchased on September 11. Oct. 20 Paid for the September 10 purchase. Instructions a) Journalize the transactions using the perpetual entory system b) Determine the balance of the inventory account at September 30

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