A company purchased inventory on account for $280,000. The company retumed $26,000 of the inventory to the supplier for credit. Record (1) the purchase of inventory on account and (2) the purchase return, assuming the company uses a perpetual inventory system Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field, Journal entry worksheet Record the inventory purchased on account for $280,000. Notes tmer debits beilore credds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fielo Journal entry worksheet The company returned $26,000 of the inventory to the supplier for credit. Record the purchase return. Note: Enter debits before credits