Accounting records for Dundas Corporation yield the following data for the year ended June 30, 2018 (assume sales returns are non-existent): (Click the icon to view the accounting records.) Read the requirements Requirement 1. Journalize Dundas' inventory transactions for the year under the perpetual system. (Record debits first, then credits. Exclude explanations from any journal entries.) The first transaction is the purchase of inventory. Record the entry. Journal Entry Data Table Date Accounts Debit Credit Jun 30 S 13,000 60,000 Inventory, June 30, 2017 Purchases of inventory (on account) Sales of inventory - 84% on account; 16% for cash (cost $56,000) Inventory at FIFO, June 30, 2018 103,000 17,000 Print Done