A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9. 2015, for $59,000 and then sells this inventory on account on nventory on account on February 9, 2015, for $59,000 and then sells this inventory on account on March 7, 2015, for $71,000 Record the transactions tor the purchase and sale of the inventory (tf no entry is required tora transaction/event, select"No journal entry required" in the first account field.) vtew transaction list vew general journal view transaction listi view general journal Journal Entry Worksheet Record the purchase of inventory on account. era Feb 09, 2015 No journal entry required Accounts payable Accounts receivable Advertising expense Allowance for uncollectible accounts inter debits before credits ance for uncollectible accounts Enter debits before credits Building:s oneCash onecash record enty Common stock Cost of goods sold Delivery expense Entertainment experise Equipment Frelglit