Monty Limited had the following balances and transactions during the current year. 1. Beginning inventory 110 units at $8-$880 2. Purchases 1,030 units at $8-$8,240 3. Defective units returned to the supplier 40 units at $8-$320 4. Sales 480 nits at $12-$5,760 5. Ending inventory 620 units at $8-$4,960 How would the journal entries be recorded under each system? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Perpetual Inventory System No. Account Titles and Explanation Debit Credit