Dan Watson started a small merchandising business in 2016. The business experienced the following events during its first year of operation. Assume that Watson uses the perpetual inventory system. 1. Acquired $30,500 cash from the issue of common stock. 2. Purchased inventory for $24,400 cash. 3. Sold inventory costing $16,300 for $29,000 cash. Requirec a. Record the events in general journal format. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 003(a Record entry for issuance of common stock. Event General Journal Debit Credit 01 *Enter debits before credits done clear entry record entry