A company uses a perpetual inventory system. The company began its fiscal year with inventory of $280,000. Purchases of inventory on account during the year totaled $910,000. Inventory costing $915,000 was sold on account for $1,550,000. Prepare the journal entries to record these transactions, 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 $910,000. Note: Enter debats before oredits