$2.850. Requlred. a. Assume that Geongutown utes the consumption meshed of accourting for inventonies Mote: H no eotry is requted for a transaction event, select "No journal entry requilred" in the frat acceunt fieid. 1. Presare the entry for the purchase en Augutt 2. 20x2. 2. Prepore the enbiet required on Septembur 30. 20x2, inclusing the closing of the firpendivits sccount. 3. Assuming the suppliet were uted during 2000. prepsre the theits on September 30,203. b. Aasuene thes Georgetown wies the purchaie method of accounsing foe inventories. Note: If no entry is required for a transaction/ovent, select "No joornal entry requlred" th the first account fieid. 1. Prepare the ensy for the purthase en Auguat 8,202. 2. Prepore the entries required on 5 toteerbtr 30.202, including the clating of the Expenoitures account. 2. Aasuming the aupplits wite uasd during 20Xt, preptre the entry on Stpterbet 30, 20x2. Journal entry worksheet