Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $11 cash per unit (for a total cost of $22,000). Journal entry worksheet 1 2 3 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $11 cash per unit (for a total cost of $22,000). Note: Enter debits before credits. Date General Journal Debit Credit Accounts receivable 22,000 May 03 Cost of goods sold