Accounting records for Richmond Corporation yield the following data for the year ended June 30, 2018 (assume sales returns are non-existent): B (Click the icon to view the accounting records.) Read the requirements Requirement 1. Journalize Richmond's inventory transactions for the year under the perpetual system. (Record debits first, then credits. Exclude explanations from any joumal entries.) The first transaction is the purchase of inventory. Record the entry. Journal Entry Date Accounts Debit Credit Jun 30 Data Table The next transaction is the sale Inventory. Record the entry. Do not yet record the cost related to the sale. We do this in the next joumal entry. Journal Entry Accounts Date Debit Credit Inventory, June 30, 2017 Purchases of inventory (on account) Sales inventory -30% on account: 20% for cash (cost $39.000) Inventory at FIFO, June 30, 2018 S 13,000 56,000 115,000 30,000 Jun 30 Print Done