A company uses a perpetuol system to record hventory transactons. The company purchases inventory on account on February 9. 2021, for $56,000 and then sells this irventory on account on March 7. 2021, for $71,000. Record the transactions for the purchase and sale of the imventory. (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 af liviventery on socount. Nole Enter cobeta before creitss. A company uses a perpetual system to record inventory transactions. The company purchases inventory on a 2021 , for $56,000 and then sells this inventory on account on March 7, 2021, for $71,000. Record the transactions for the purchase and sale of the inventory. (If no entry is required for a particular trai "No Journal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet Hecerd the cost of inventory sold. Noter binter debits before credits