Clyde industries began the year with inventory of $93,000. Purchases of inventory on account during the year totaled $318,000 Inventory costing $343,000 was sold on account for $536,000. Required: Record transactions for the purchase and the sale of inventory on account using a perpetual system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 3 Record the purchase of inventory on account. Note Enter debts betore credits