1.	Journalize these transactions for AmandaAmanda, which uses the perpetual inventory system.
2.	For these transactions, show what AmandaAmanda will report for inventory, revenues, and expenses on its financial statements at the end of the month. Report gross profit on the appropriate statement. Assume beginning inventory is $0.

Read the requirements. Record the collection of 30% of the accounts receivable. Journal Accounts Debit Credit 2. For these transactions, show what Amanda will report for inventory, revenues, and expenses on its financial statements at the end of the month. Report gross profit on the appropriate statement. Assume beginning inventory is $0. (If a box is not used in the table leave the box empty, do not enter a label or enter a zero.) Determine what the company will report on the balance sheet: Balance Sheet Assets Current assets: Determine what the company will report on the income statement: Income Statement Choose from any list or enter any number in the input fields and then continue to the next question. Amanda Corporation purchased inventory costing $180,000 and sold 70% of the goods for $196,000. All purchases and sales were on account. Amanda later collected 30% of the accounts receivable. Assume that sales returns are nonexistent. Read the requirements. 1. Journalize these transactions for Amanda, which uses the perpetual inventory system. Journalize the purchase of inventory. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Accounts Debit Credit Journalize the sale. Journal Accounts Debit Credit Record the cost of goods sold portion of the sale. Journal Accounts Debit Credit Record the collection of 30% of the accounts receivable. Choose from any list or enter any number in the input fields and then continue to the next