Nice Buy Company purchases inventory in orates ol merchandise, each crate of inventory is a unit. The fscal year of Cash payments on account totaled $7,584,000 Ding fscal year 2018, the store sold 148,000 units of menchandse t Nice Buy ends each January 31. Assume you ane dealing with a single Nice Buy stoe in Nashille, Natao st began the ye" with an mo tory of 21,000rlshitecat att" of $1 113,00. D rng the year, the store meripeost efodfor in enves The Nash le sto e'sopeoing e pe ses the year were $2.750,000 pad Tennessen. The $15170,000, of which $4,800,000 was for cash and the balance was on account Nice Buy and all of its slores use tf and accrued the conued labilities The dore accrued income EE (Cick the lcon to visw the purchanes) Requirement 1.Make summary joumal antries to necord the store's tranation for the yoar anded January 31, 2018.Nice Buy and all of its stores use a perpetual inventory syslem. Round aveage cost per sunit to two decimal places and rou al ofher amounts to the nearest dollar Recond debits rst then creds Exdlude explanations fom any joumal Lefs start with the entry to record the purchases on account Joumal Entry Jan 31 the cash payments on account for $7.584,000 Journal Entry Next, nrecond t Jan 31 ecord the cost eled to the sale We wil do this in the nest ournal enty Now record the sale of merchandise for $15.170,000 of which $4,800,000 was for cash and he belance was on acoount. (oo not Choose from any list or enter any number in the input Selds and then continue to the next question Nice Buy Company purchases inventory in orates ol merchandise, each crate of inventory is a unit. The fscal year of Cash payments on account totaled $7,584,000 Ding fscal year 2018, the store sold 148,000 units of menchandse t Nice Buy ends each January 31. Assume you ane dealing with a single Nice Buy stoe in Nashille, Natao st began the ye" with an mo tory of 21,000rlshitecat att" of $1 113,00. D rng the year, the store meripeost efodfor in enves The Nash le sto e'sopeoing e pe ses the year were $2.750,000 pad Tennessen. The $15170,000, of which $4,800,000 was for cash and the balance was on account Nice Buy and all of its slores use tf and accrued the conued labilities The dore accrued income EE (Cick the lcon to visw the purchanes) Requirement 1.Make summary joumal antries to necord the store's tranation for the yoar anded January 31, 2018.Nice Buy and all of its stores use a perpetual inventory syslem. Round aveage cost per sunit to two decimal places and rou al ofher amounts to the nearest dollar Recond debits rst then creds Exdlude explanations fom any joumal Lefs start with the entry to record the purchases on account Joumal Entry Jan 31 the cash payments on account for $7.584,000 Journal Entry Next, nrecond t Jan 31 ecord the cost eled to the sale We wil do this in the nest ournal enty Now record the sale of merchandise for $15.170,000 of which $4,800,000 was for cash and he belance was on acoount. (oo not Choose from any list or enter any number in the input Selds and then continue to the next