Neverstop Corporation sells item A as part of its product line. Information about the beginning inventory, purchases, and sales of item A are given in the following table for the first six months of the current year. The company uses a perpetual inventory system: Purchases Number of Units Unit Cost 570 $3.90 Sales Number of Units Sales Price 370 $5.40 Date January 1 (beginning inventory) January 24 February 8 March 16 June 11 670 $4.00 370 $5.40 670 $4.00 4. Prepare journal entries to record the purchase and sale transactions, as well as the cost of sales, assuming that all sales and purchase transactions are on account and that the weighted average method is used. (Do not round intermediate calculations and round the final answers to 2 decimal places. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) & Answer is not complete. No Date General Journal Debit Credit 1 January 24 Accounts receivable 1,998.00 Sales 1,998.00 2 January 24 Cost of sales 1,443.00 Inventory 1,443.00 3 February 08 2,680.00 Inventory Accounts payable 2,680.00 4 March 16 Accounts receivable 1,998.00 Sales 1,998.00 5 March 16 Cost of sales Inventory 6 June 11 2,680.00 Inventory Accounts payable 2,680.00