Bingerton Industries uses a perpetual inventory system. The company began the year with Inventory of $82,000. Purchases of inventory on account during the year totaled $307,000 Inventory cosing $332 .000 was sodn account for $514,000 Required Record transachos for the purchase and sale of inventory@tro entry is required for a transactionevernt, select ojournal entry required. in the first account field. Journal entry worksheet Record the purchase of inventory on account Recard entry