The following information applies to the questions dispiayed below. Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normol timekeeping features of most watches. MU watches are able to report temperature, alitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking. rain, fishing, or even diving up to 100 feet won't damage them. Suzle decides to have MU watches avaliable for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2022 . All watches are sold for $900 each. To1. 17 Purehased 110 watehen for $16,500 (\$150 per wateh) on mocount. Tal. 31 Sold 100 watehes for $90,000 cash. hug. 12 Purehased 80 watehea for $12,800 (\$160 per wateh) cash. hug. 22 sold 70 vatehes for $63,000 on account. Eep. i9 paid for watches purchased on July 17. Selp. 27 Heceive caak of 537,600 for watehen mold on account as Aaguse 22. pet. 27 Purehased 180 watehea for 510,600 (5170 per watch) caah. dov. 20sold130 satehen for 5117,000 caab. pec. 4 Furohased 140 vatehes for $25,200 ( $180 per wateh) on account. pec, A sold 40 vatehes for $72,000 on account. Late in December, the next generation of multiuse (MU ID watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to downioad and play songs and videos off the intermet. The demand for the original MU watches in greatly reduced. As of December 31, the estimated net reakzable value of MU watches is only $100 per watch. Journal entry worksheet Purchased 110 watches for $16,500 (\$150 per watch) on account. Record the purchase of inventory on account. Note: Enter debits before credits. Journal entry worksheet 4567817 Sold 100 watches for $90,000 cash. Record the sale of inventory on account. Note: Enter debits before credits. Journal entry worksheet 567 Sold 100 watches for $90,000 cash. Record the cost of inventory sold. Note: Enter debits before credits. Journal entry worksheet Purchased 80 watches for $12,800 ( $160 per watch) cash. Record the purchase of inventory for cash. Note: Enter debits before credits. Journal entry worksheet