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Journalize the following assumed transactions for Young's Drug Mart Corporation. Show amounts in millions Cash purchases of inventory $4,300 milion Sales on account (including credit

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Journalize the following assumed transactions for Young's Drug Mart Corporation. Show amounts in millions Cash purchases of inventory $4,300 milion Sales on account (including credit cards). $18,900 million . Cost of goods sold (perpetual inventory system). $4,200 million . Collections on account, $18.500 million Record journal entry for cash purchases of inventory, S4,300 million. (Record debits first, then credits. Explanations are not required. Enter amounts in millions.) Journal Entry Millions Date Accounts Debit Credit Record journal entry for sales on account (including credit cards). $18,900 million (Enter all amounts in millions.) Journal Entry Millions Credit Date Accounts Debit Record journal entry for cost of goods sold (perpetual inventory system), 54,200 million (Enter all amounts in millions.) Journal Entry Millions Date Accounts Debit Credit Record journal entry for collections on account, $18,500 million (Enter all amounts in millions.) Journal Entry Millions Debit Credit Date Accounts

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