Vince Company buys merchandise on account from Shane Corp.. The sefling price of the goods is $1.130, and the cost of the goods is $790. Both companies use perpetual inventory system5. - List debit transactions first and then list credit transoctions. - Use accounts provided in the Chart of Accounts above. Do NOT create your own occount. - When typing your responses, do NOT include a dollar sign. For example. if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Journalize the transaction on the books of both companies using the Chart of Accounts. To record credit sales To record cost of merchandise sold