Bingerton Industries uses a perpetual inventory system. The company began the year with inventory of $83,000 Purchases of Inventory on account during the year totaled $308,000. Inventory costing $333,000 was sold on account for $516,000. 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 2 3 1 Record the purchase of Inventory on account. Nota: Enter det before credits Transaction General Journal Debit Credit 27 Record entry Clear entry View general journal