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A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9. 2021 , for $54,000 and then
A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9. 2021 , for $54,000 and then sells this inventory on account on March 7, 2021, for $79,000. 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 Record the purchase of inventory on account. Notez Enter debits before credits
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