On April 1, 2021, York Inc. had an inventory of 15 chairs at a cost of $200 each. York uses a perpetual inventory system. During the month of April, the following transactions occurred: April 5 April 6 Purchased 40 chairs at a cost of $200 each from Office Depot, terms 2/10, n/30. Paid freight of $300 on the April 5 purchase. April 7 April 14 Sold 8 chairs from the April 1 inventory for $320 each, terms 2/10, n/30 Paid Office Depot for the purchase made on April 5. The journal entry to record the transaction on April 6 will be: Purchase Cash 300 300 Freight-in 300 Cash 300 Operating expense 300 Cash 300 Merchandise Inventory 300 Cash 300