Journal entry worksheet Purchased 50 watches for $7,500 ($150 per watch) on account. Record the purchase of inventory on account. Note: Enter debits before credits. Date General Journal Debit Credit Jul 17 Record entry Clear entry View general journal Journal entry worksheet Sold 40 watches for $20,000 cash. Record the cost of inventory sold. Note: Enter debits before credits Date General Journal Debit Credit Jul 31 Record entry Clear entry View general journal Journal entry worksheet Purchased 40 watches for $6,400 ($160 per watch) cash. Record the purchase of inventory for cash. Note: Enter debits before credits. Date General Journal Debit Credit Aug 12 Record entry Clear entry View general journal Journal entry worksheet Record the closure of expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal