ALL THREE ENTRIES REQUIRED

A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2021, for $57,000 and then sells this inventory on account on March 7, 2021, for $75,000. Record the transactions for the purchase and sale of the inventory. (If no entry is required for a particular transaction/event, sele "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of inventory on account. Note: Enter debits before credits. Date General Journal Debit Credit Feb 09, 2