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Acoounting records for Allegheny Corporation yieid tha following data for the year anded June 30,2018 (assume sales retums are non-0xistent) (Click tho icon to view

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Acoounting records for Allegheny Corporation yieid tha following data for the year anded June 30,2018 (assume sales retums are non-0xistent) (Click tho icon to view the accounting records.) Read the recuirements. The first transaction is the purchase of imventory. Record the entry. Requirement 1. Joum The first transaction is Data table crecits, Exclude explanations from an Requirements 1. Journalize Allegheny's inventory transactions for the year under the perpetual system. 2. Report ending inventory, sales, cost of goods sold, and gross proft on the appropriate financial statement

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