Capital tech inc stared 2017 with inventory of:

Capital Tectroluyios inc. Leyar 2017 with inventory of $10,0CC. During the year. Capia purchased inventory cueling $100,000 and so good for $175,000, with al transactions on account. Capital ended the year with immertory of $38.000. Joumalize all the necessary transactions under the parede Inventory system. Requirement 1. Joumalze al the necessary transactions under the periodo inventory system. (Record debits first, then credits. Explanations are not required) Frs journaia ha rwantory purch Joumal Entry Accounts Debit Credit Jourriels racun. Joumal Entry Accounts Debit Credit Juumalize the end of period entrus. Ecgin by closing out beginning inventory. Joumal Entry Accounts Debit Credit Next adjust ending inventory. Journal Entry Accounts Debit Credit Now close out purchases for the period. Journal Entry Accounts Debit Credit Journal Entry Accounts 1 Debit Credit Jo Accounts Payable Accounts Receivable Cash Cost of Goods Sold Freight In Income Summary Inventory Purchase Discounts Debit | Credit Purchase Returns and Allowances Purchases Sales Discounts Sales Returns and Allowances Jo Sales Revenue Begin by closing out beginning inventory