Take me to the text. On December 7, 2021, Food Wholesalers purchased $2,840 worth of dried fruit inventory plus $490 for freight charges on account.

Take me to the text On December 7, 2021, Food Wholesalers purchased $2,840 worth of dried fruit inventory plus $490 for freight charges on account. On December 18, Food Wholesalers sold all of the dried fruit inventory to Robin Bakery Caf for $4,190 on account. As the bookkeeper for Food Wholesalers, journalize the transactions using the perpetual inventory system. Do not enter dollar signs or commas in the input boxes. For the sale of inventory transactions, enter the revenue transaction first. Required Prepare the journal entries for Food Wholesalers on December 7 and 18 respectively. Record the sales transaction before the cost transaction. Date Account Title and Explanation Debit Credit 2021 Dec 7 Accounts Payable Cash - x Purchased inventory on account Dec 18 Inventory-Food Accounts Payable Made sales on account Dec 18 Accounts Payable Cash Record the cost of goods sold