TB EX Qu. 6-219 A company uses a perpetual system to record... A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9, 2021, for $54,000 and then sells this inventory on account on March 7, 2021, for $72,000. Record the transactions for the purchase and sale of the inventory. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 23 Record the purchase of inventory on account. Note: Enter debits before credits. Date Feb 09, 2021 General Journal Debit Credit Record entry Clear entry View general journal