O Suppose Ray uses the perpetual Inventory system and purchases $700,000 of sporting goods on account from Adidas on April 10, 2020. Creditems are 1/10, 45 Ray pays electronically on April 20, 2020, and its receives the money the same day Journalire Ray's (a) purchase and (b) cash payment transactions What was Ray's netcost of this inventory? a. Journal Ray's purchase transaction Record debit first, then credits. Exclude explanations from journal entries) Journal Entry Accounts Credit Apr 10 b. Journalize Ray's payment transaction (Round inal answers to the nearest whole dar) Journal Entry Date Accounts Debat Apr. 20 Choose from any list or enter any number in the inputs and then continue to the next question Type here to set H 0 PM ENE 9