Halton Technologies began the year with inventory of $530. During the year, Halton purchased inventory costing $2,030 and sold goods for $2,800, with all transactions on account. Halton 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 Journalize the sales transaction Journal Entry Accounts Debit Credit Journalize the end-of-period entries. Begin by closing out beginning inventory. Journal Entry Accounts Debit Credit Next adjust ending inventory. Journal Entry Accounts Debit Credit Now close out purchases for the period Journal Entry Accounts Debit Credit Tee Corporation had beginning inventory of $22,000 and ending inventory of $29,000. Its net sales were $155,000 and net purchases were $71,000 Tee's cost of goods sold for the period is OA. $62,000. O B. $78,000. OC. $64,000 O D. $77,000