Exercise 6-6 (Algo) Record inventory transactions using a perpetual system (LO6-5) Siatkowski Industries began the year with inventory of $84,000. Purchases of inventory on account during the year totaled $309 Inventory costing $334,000 was sold on account for $518,000. 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.)