Question 9 View Policies Current Attempt in Progress --/3 On August 24, Novak Corporation purchased inventory on account from Flounder Inc. The selling price of the goods is $33,900 and the cost of goods sold is $15,100. Both companies use perpetual inventory systems. Record the above transactions on the books of both companies. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Novak Corporation (Buyer): Date Account Titles and Explanation Aug. 24 Debit Credit (Purchase of merchandise on account) Flounder Inc (Seller): Date Account Titles and Explanation Aug. 24 Debit Credit O ENG 8:26 PM 2020-05-21