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A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9, 2021, for $50,000 and then sells this inventory on account on March 7, 2021, for $73,000. Record the transactions for the purchase and sale of the inventory. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the purchase of inventory on account. Note: Enter debits before credits General Journal Debit Credit Date Feb 09, 2021 Record entry Clear entry View general joumal View transaction list Journal entry worksheet 1 2. 3 Record the sale of inventory on account. Note: Enter debits before credits. Date General Journal Debit Credit Mar 07, 2021 Record entry Clear entry View general joumal View transaction list Journal entry worksheet 1 2 3 Record the cost of inventory sold. Note: Enter debits before credits. Date General Journal Debit Cre Mar 07. 2021