The following data pertain to Zale Scarf and Hat for the year ended December 31, 2020 E! (Click the icon to view the data.) Required a. Prepare entries for the following transactions using a perpetual inventory system 1. Purchase of inventory during 2020 Hl. Sales during 2020 iii. Cost of goods sold during 2020 b. Compute the balance in the Inventory account on December 31, 2020 Requirement a. Prepare entries for the following transactions using a perpetual inventory system: i. Purchase of Inventory during 2020 Assume all purchases were made on credit (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input-Tields and then continue to the next question entory system: Data Beginning inventory Purchases of Inventory on credit during the year Cost of goods sold during the year Sales (70% on credit) during the year 200,000 456.000 64% of sales 770.000 Print Done hen continue to the next