Dan Watson started a small merchandising business in Year 1. The business experienced the following events during its first year of operation. Assume that Watson uses the perpetual inventory system. 1. Acquired $28,500 cash from the issue of common stock. 2. Purchased inventory for $22,800 cash. 3. Sold inventory costing $17,800 for $32,500 cash. Journal entry worksheet Note: Enter debits before credits. Record the events in general journal format. (If no entry is required for a transaction/event, select " account field.) Journal entry worksheet Record the entry of inventory purchased for cash. Note: Enter debits before credits. Record the events in general journal tormat. (If no entry is required for a transaction/event, selec account field.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record entry for cost of goods sold. Note: Enter debits before credits