Requirements 1. Joumalize these transactions for Sheri, which uses the perpetuat inventocy system. 2. For these transactions, show what sheri will report for inventory, revenues, and expenses on its financin statements at the end of the month. Report gross. Frofit on the appropriate statomont. Assume beginning inventory is $0. ary will report on the balanice sheet: Assume that sales retums are nonexistent. Rread the Record the collection of 10% of the accounts receivable. 2. For thete vensactions, show what Sher will report for inventory, cevenues, and expenses on as francial statements at the ond of the mores. Reopot gross proti on the epgropiats atatenert. Assume beginning inventory is $0. Of an ingut feld is not used in the table leave the fold empty do not anter a labwits or ertor a zeo.) Determine what the company will report on the balance sheet