Prepare journal entries to record purchases and sales for Snow-Tech in a periodic inventory system using average cost. (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 0 for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 5 Purchases 6923 Accounts Payable 6923 12 Cash 18440 Sales 18440 19 Purchases 12852 Accounts Payable 12852 22 Cash 24624 Sales 24624 25 Purchases 10263 Accounts Payable 10263 30 Inventory Cost of Goods Sold Purchases InventorySnow-Tech Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert ski during November: Date Explanation Units Unit Cost/Price Nov. 1 Beginning inventory 34 $296 Purchases 23 301 12 Sales (40 ) $461 19 Purchases 42 306 22 Sales (48 ) 513 25 Purchases 33 311 44