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URGENT

Suppose Varsity Sports uses the perpetual inventory system and purchases $620,000 of sporting goods on account from Tuff Gear on April 10, 2017. Credit terms are 1/10, net 30. Varsity Sports pays electronically, and Tuff Gear recelves the money on April 20, 2017 Joumalize Varsity Sports (a) purchase and (b) cash payment transactions. What was Varsity Sports' net cost of this inventory? a. Journallze Varsity Sports' purchase transaction. (Record deblts first, then credits. Exclude explanatlons from Journal entries.) Journal Entry Accounts Debit Credit Cash Apr 10 Inventory b. Jounalize Varsity Sports' payment transaction. (Round final answers to the nearest whole dollar.) Journal Entry Date Accounts Debit Credit Apr 20 What was Varsity Sports' net cost of this inventory? Varsity Sports' net cost of the Inventory was