Please show work. XYZ Gardening Company had the following transactions:

Please show work.

XYZ Gardening Company had the following transactions:

Jan 1 Purchased merchandise on credit for $2,400Jan 7 purchased merchandise for cash for $4,200Jan 9 Sold merchandise costing $4,700 for $7,500 on credit 

(A)   Prepare journal entries for XYZ Gardening assuming the Company uses the gross method when accounting for purchases and a perpetual inventory.

(B)   Prepare journal entries for XYZ Gardening assuming the Company uses the gross method and a periodic inventory.