Great Shirt Wholesalers spent $15,600 to purchase 1,000 shirts from a shirt manufacturer as inventory. Worn Star Shirt Retailers paid $20.600 for the 1.000 shirts from Great Shirt Wholesalers on August 21, 2019. Payment is due on September 21. Both companies use the perpetual inventory system, Do not enter dollar signs or commas in the input boxes, Required a) Prepare the journal entry for Worn Star Shirt Retailers on August 21. Date Account Title and explanation Debit Credit 2019 Aug 21 Purchased inventory b) Prepare the journal entries for Great Shirt Wholesalers on August 21. Record the revenue transaction first. Date Account Title and Explanation Debit 2019 Aug 21 Sold inventory on account Aug21 Cost of goods sold for above sole