Flexon Technologies began the year with inventory of $500. During the year, Flexon purchased inventory costing $1,160 and sold goods for $2,700, with all transactions on account. Flexon ended the year with inventory of $670. Journalize all the necessary transactions under the periodic inventory system. (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the inventory purchase. Journal Entry Accounts Debit Credit