Required information [The following information applies to the questions displayed below.] Inventory at the beginning of the year cost \$13.300. During the year, the company purchased (on account) inventory costing $83,500. Inventory that had cost $79,500 was sold on account for $94,600. At the end of the year, inventory was counted and its cost was determined to be $17,300. c. Prepare joumal entries to record these transactions, assuming a perpetual inventory system is used. (If no entry is required for o tronsaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the inventory purchased of $83,500 on account. Journal entry worksheet Record the inventory purchased of $83,500 on account. Note: Enter debits befere credis. Journal entry worksheet Record the sales revenue of $94,600 on account. Noter Enter debits before credits. Journal entry worksheet Note: Enter debits before credits