CALCULATOR BACK NEXT Brief Exercise 5.03 Wildhorse Company buys merchandise on account from Novak Company. The selling price of the goods is 51,330, and the cost of the goods is $90. Both companies use perpetual Inventory systems Journalize the transaction on the books of both companies. (Credit account trties are automatically indented when amount is entered. Do not indent manually Account Tities and Explanation Debit Credit Wildhorse Company (To record credit purchase of inventory) Novak Company (To record credit sale) (To record cost of merchandise sold) Click if you would like to show Work for this questiontoen Show Work SHOW LIST OF ACCOUNTS TO TEXT LINK TO TEXT