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Accounting records for Ontario Corporation yield the following data for the year ended June 30, 2021 (assume sales returns are nonexistent): (Click the icon to

image text in transcribedimage text in transcribedimage text in transcribed Accounting records for Ontario Corporation yield the following data for the year ended June 30, 2021 (assume sales returns are nonexistent): (Click the icon to view the accounting records.) Read the requirements. Requirement 1. Journalize Ontario's 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. Data table Requirements 1. Journalize Ontario's inventory transactions for the year under the perpetual system. 2. Report ending inventory, sales, cost of goods sold, and gross profit on the appropriate financial statement

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