Rite Shoes was involved in the transactions described below.

Purchased $8,700 of inventory on account.

Paid weekly salaries and wages, $970.

Recorded sales for the first week: Cash: $7,600; On account: $5,800.

Paid for inventory purchased in event (1).

Placed an order for $6,700 of inventory.

Required: Prepare the appropriate journal entry for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fielRite Shoes was involved in the transactions described below.

Purchased $8,700 of inventory on account.

Paid weekly salaries and wages, $970.

Recorded sales for the first week: Cash: $7,600; On account: $5,800.

Paid for inventory purchased in event (1).

Placed an order for $6,700 of inventory.

Required: Prepare the appropriate journal entry for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fiel