ConnecTech bought 400 computers in Year Two for $300 each on account. It paid $260 to have them delivered to its store. During January of Year Three, ConnecTech sold 220 of the computers for cash of $550 each. ConnecTech uses a perpetual inventory system.

a. Prepare the journal entry or entries to record ConnecTechs purchase of the computers.

b. Prepare the journal entry or entries to record the sale of the computers.

c. Determine the balance in ConnecTechs ending inventory on January 31, Year Three.