A-Plus Furniture Company engaged in the following transactions during July of the current year (Click the icon to view the transactions.) Required 1. Joumalize the preceding transactions on the books of A-Plus Fumiture Company. Assume the company uses the perpetual inventory system 2. Suppose the balance in inventory was $55,000 on July 1. What is the balance in inventory on July 317 Requirement 1. Journalize the preceding transactions on the books of A-Plus Fumiture Company. Assume the company uses the perpetual inventory system We begin with the purchase of inventory for cash on July 2nd. Purchased inventory for cash, $24,000, less a quantity discount of $3.375 (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit