Amanda, Inc, purchased inventory costing $125,000 and sold 75% of the goods for $173,750. All purchases and sales were on account. Amanda later collected 20% of the accounts receivable. 1. Journalize these transactions for Amanda, which uses the perpetual inventory system. 1. Journalize these transactions for Amanda, which uses the perpetual inventory system. Journalize the purchase of inventory. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize the sale. Record the cost of goods sold portion of the sale