Description options: Accounts Payable, Cash, inventory, or Cost of goods sold

1 Purchased $1,100 of inventory on account. 2 Purchased $1,800 of inventory on account. 3 Sold inventory with an original cost of $450. 4 Purchased $1,100 of inventory on account. 5 Sold inventory with an original cost of $1,750. General Journal Description Debit Credit Ref. (1) To record purchase of inventory on account. (2) To record purchase of inventory on account. (3) . To record cost of inventory sold. (4) > To record purchase of inventory on account. (5) To record cost of inventory sold. Inventory (1) (2) (3) (4) (5) Balance