7 al H A company uses a perpetual inventory system. The company began the year with inventory of $80,000. Purchases of inventory on account during the year totaled $305,000 Inventory costing $330,000 was sold on account for $510.000 Required: Record transactions for the purchase and sale of inventory of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field) Journal entry worksheet Record the purchase of inventory on account. General Journal Debit Creat Record entry Clear entry View generalja Save & Sub Check my work 10 10 7 A company uses a perpetual inventory system. The company began the year with inventory of $80000 Purchases of inventory on account during the year totaled $305.000 inventory costing $330,000 was sold on account for $510,000 Required Record transactions for the purchase and sale of inventory of no entry is required for a transaction event, select "No Journal Entry Required" in the first account field) Journal entry worksheet Record the sale of inventory on account. General Journal Deb Credit Cleary 01 diences A company uses a perpetual inventory system. The company began the year with inventory of $80,000. Purchases of inventory on account during the year totaled $305,000 inventory costing $330,000 was sold on account for $510,000 Required: Record transactions for the purchase and sale of inventory of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the cost of inventory sold. Nute er det befire dis Transaction General Journal De Cred View general jou Record entry Clear entry Chack my work