Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)1. Record the purchase of 200 tags.
2. Record the purchase of 10 cases.
3. Record the payment of cash.
4. Record the sale of 100 tags.
5. Record the cost of goods of the 100 tags sold.
6. Record the purchase of 300 tags.
7. Record the purchase of 100 cases.
8. Record the payment of cash.
9. Record the sale of 60 cases.
10. Record the cost of goods of the 60 cases sold.
11. Record the sale of 200 tags.
12. Record the cost of goods of the 200 tags sold.