The Valley Garden Company Had the Following Transactions:
(A) Prepare

The Valley Garden Company had the following transactions:
(A) Prepare journal entries for Valley Garden assuming the Company uses the gross method when accounting for purchases and a perpetual inventory.
(B) Prepare journal entries for Valley Garden assuming the Company uses the gross method and a periodic inventory.
$$\begin{array} { | l | l | } \hline \text { July } 1 & \text { Purchased merchandise on credit for } \$ 3,600 \\\hline 7 & \text { Purchased merchandise for cash for } \$ 6,300 \\\hline 9 & \text { Sold merchandise costing } \$ 7,050 \text { for } \$ 11,250 \text { on credit. } \\\hline\end{array}$$