M6-7 (Algo) Recording Journal Entries for Purchases, Purchase Returns, Sales, and Sales Returns Using a Perpetual Inventory System [LO 6-3, 6-4] During its first year of operations, Tron Auto Dealership (TAD) bought vehicles from a manufacturer on account at a cost of $611,000. TAD returned $155,000 of these vehicles to the manufacturer for credit on its account. TAD then sold $383,000 of the remaining vehicles for cash at a selling price of $688,000. TAD's customers rarely return vehicles, so TAD records sales returns only as they occur. One customer did return a vehicle to TAD for cash, which had been sold to the customer for $140,000. The vehicle was in perfect condition, so it was put back into TAD's inventory at TAD's cost of $79,000. Prepare journal entries to record these transactions, assuming TAD uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 3456 Record the purchase of vehicles from a manufacturer on account for $611,000. Note: Enter debits before credits