Buyer/Seller Journal Entries Roller Blade Company uses the perpetual inventory system and had the following transactions during October purchased from Benbow co October 6: Purchased $5,000 (cost of goods sold is $3, 500) of inventory. The seller s credit terms are 2/20 n 45. October 15: Paid the amount due Prepare journal entries to record each of the preceding transactions. Roller Blade JE's