Exercise 6-6A Record inventory transactions using a perpetual system (L06-5) Bingerton Industries uses a perpetual inventory system. The company began the year with inventory of $78,000 Purchases of inventory on account during the year totaled $303,000. Inventory costing $328,000 was sold on account for $506,000. Required: Record transactions for the purchase and sale of inventory. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View transaction list Journal entry worksheet Journal entry worksheet 2 3 Record the purchase of inventory on account. Record the sale of inventory on account Note: Enter debits before credits, Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the cost of inventory sold. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal