Kingbird, Inc. uses a perpetual inventory system. Its beginning inventory consists of 100 units that cost $180 each. During August, the company purchased 170 units at $180 each, returned 4 units for credit, and sold 190 units at $300 each. Journalize the August transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit enter an account title to record the purchase of inventory enter a debit amount enter a credit amount enter an account title to record the purchase of inventory enter a debit amount enter a credit amount (To record purchase of inventory) enter an account title to record the purchase return of inventory enter a debit amount enter a credit amount enter an account title to record the purchase return of inventory enter a debit amount enter a credit amount (To record purchase return of inventory) enter an account title to record sales enter a debit amount enter a credit amount enter an account title to record sales enter a debit amount enter a credit amount (To record sales) enter an account title to record the cost of goods sold enter a debit amount enter a credit amount enter an account title to record the cost of goods sold enter a debit amount enter a credit amount (To record cost of goods sold) Save for Later