White Industries began the year with inventory of $89,000. Purchases of inventory on account during the year totaled $314,000. Inventory costing $339,000 was sold on account for $528,000. Required: Record transactions for the purchase and the sale of inventory on account using a perpetual system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the purchase of inventory on account. Note: Enter debits before credits. Journal entry worksheet Record the sale of inventory on account. Note: Enter debits before credits. Journal entry worksheet Record the cost of inventory sold. Note: Enter debits before credits