X S6-1 (similar to) Question Help Amanda, Inc., purchased inventory costing $150,000 and sold 70% of the goods for $205,000. All purchases and sales were on account. Amanda later collected 30% of the accounts receivable. 1. Journalize these transactions for Amanda, which uses the perpetual inventory system 2. For these transactions, show what Amanda will report for inventory, revenues, and expenses on its financial statements at the end of the month. Report gross profit on the appropriate statement 1. Journalize these transactions for Amanda, which uses the perpetual inventory system. Joumalize the purchase of inventory. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Accounts Debit Credit Inventory 150,000 Sales Revenue $205,000 $205.000 $105,000 $105,000 Accounts Receivable $615000 $615,000