Chapters 1-5 Financial Statement Case - Target Corporation Enter your answers in the shaded areas below Max You points earned Questions: Your Answers Instructor Comments Transactions 10.0 10.0 12. Target uses automation to record transactions at the checkout counter based on a perpetual inventory system. Their system records transactions using the same basic accounting as in our text. Create the 2 journal entries to record a cash sale of a sweater for $25.00 (ignore sales tax) where the cost of the sweater to Target was $18.00. Include explanation. Accounts and explanation Debit Credit Your comment on the exercise? (Not required, but appreciated) 10.0 10.0 Total Earned - transactions 60.0 60.0 Points recorded for the Case