On August 24. Ayayai Corporation purchased inventory on account from Whispering Winds Inc. The selling price of the goods is $ 37,600 and the cost of goods sold is $ 17,520. Both companies use perpetual inventory systems. Record the above transactions on the books of both companies. (List all debit entries before credit entries. 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.) Ayayai Corporation (Buyer): Date Account Titles and Explanation Debit Credit Aug. 24 (Purchase of merchandise on account) Whispering Winds Inc (Seller): Date Account Titles and Explanation Debit Credit Aug. 24 (Sale of merchandise) 24 (Cost of goods sold recorded)