Accounting records for Thames Corporation yield the following data for the year ended June 30, 2018 (assume sales returns are non-existent): E: (Click the icon to view the accounting records.) Read the requirements Journal Entry Date Accounts Debit Credit Jun 30 65,000 Inventory Accounts Payable 65,000 Data Table X The next transaction is the sale of inventory. Record the entry. Do not yet record the cost related to the sale. V Journal Entry Date Credit $ 7,000 30 Jun 65,000 Accounts Accounts Receivable Cash Sales Revenue Debit 61,500 13,500 Inventory, June 30, 2017..... Purchases of inventory (on account) Sales of inventory - 82% on account; 18% for cash (cost $55,000) Inventory at FIFO, June 30, 2018....... , 75,000 75,000 17,000 Print The last entry is recording the cost of inventory. Record the entry. Done Journal Entry Date Accounts Debit Credit Jun 30 Cost of Goods Sold Inventory