Bingerton Industries uses a perpetual inventory system. The company began the year with Inventory of $76,000. Purchases of Inventory on account during the year totaled $301.000. Inventory costing $326,000 was sold on account for $502,000 Required: Record transactions for the purchase and sale of inventory. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet G I o search JUTTU Pep VLTY S CU UYEHUEY Inventory on account during the year totaled $301.000. Inventory costing 5326,000 was sold on account for $502.000 Required: Record transactions for the purchase and sale of inventory. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) 15 View transaction list Journal entry worksheet 1 3 Record the sale of Inventory on account. Note: Enter debits before credits Credit Debit General Journal Transaction 2 e O G (99 search Bingerton Industries uses a perpetual inventory system. The company began the year with inventory of $76,000. Purchases of Inventory on account during the year totaled $201.000. Inventory costing $326,000 was sold on account for $502,000, Required: Record transactions for the purchase and sale of inventory. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet o II G 199 arch