Suppose Heat Miser Air Conditioner Company engaged in the following transactions during June of the current year (Click the icon to view the transactions.) Read the requirements Requirement 1. Joumalize the transactions. Assume Heat Miser uses a perpetual inventory system. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Jun. 3: Purchased inventory on account with credit terms of 1/10, n/EOM, $1,000. Date Jun. 31 Accounts and Explanation Debit Credit Requirements 1. Journalize the vansactions. Assume Heat Miser uses a perpetual inventory 2. The Merchandise Inventory and Cost of Goods Sold accounts have been set up for you and assumes that there was no inventory at the beginning of the period. Post the journal entries to show the ending balances in the Merchandise Inventory and the Cost of Goods Sold accounts only Pat Done Question Help