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Ivanhoe Company merchandise on account from Briderport Company The selling price of the goods $800, and the cost of the goods $420 ton companies ineretulitory syste Jon the transaction on the books of both companies ist all debt endries before series Ont account more automatically indented when amount is entered Det indtry set Ney for the account titles and enter for the t Account Titles and Explanation Debit Credit Company To record credt purchase of inventory) Briferourt Comme (Torcond cost of merchande sold) Ivanhoe Company buys merchandise on account from Bridgeport Company. The selling price of the goods is $800, and the cost of the goods is $420. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the