On August 24, Bramble Corporation purchased inventory on account from Sheffield Inc. The selling price of the goods is $26,800 and the cost of goods sold is $12,120. 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.) Bramble Corporation (Buyer): Date Account Titles and Explanation Aug. 24 Inventory Accounts Payable (Purchase of merchandise on account) Sheffield Inc (Seller): Debit Date Account Titles and Explanation Debit Aug. 24 Cost of Goods Sold 24 14 Inventory (Sale of merchandise) Cash 26800 12120 26800 Credit Credit 26800 12120 Sheffield Inc (Seller): Date Account Titles and Explanation Aug. 24 Cost of Goods Sold 24 24 Inventory (Sale of merchandise) Cash Sales (Cost of goods sold recorded) Debit 12120 26800 Credit 12120 26800