The Only Shirt Wholesalers spent $12,300 to purchase 1,000 shirts from a shirt manufacturer as inventory. Hip Hop Retailers paid $17,300 for the 1,000 shirts from The Only Shirt Wholesalers on September 6, 2022. Payment is due on April 15. Both companies use the perpetual inventory system. Do not enter dollar signs or commas in the input boxes. Required a) Prepare the journal entry for Hip Hop Retailers on September 6. Date Account Title and Explanation Debit Credit 2022 Sep 6 Answer Answer Answer Answer To purchase inventory b) Prepare the journal entries for The Only Shirt Wholesalers on September 6. Record the revenue transaction first. Date Account Title and Explanation Debit Credit 2022 Sep 6 Answer Answer Answer Answer To sell inventory on account Sep 6 Answer Answer Answer Answer To record cost of goods sold for above sale