A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9 . 2024, for \$56,000 and then sells this inventory on account on March 7, 2024, for $74,000. Record the transactions for the purchase and sale of the inventory. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the sale of inventory on account. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits