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 $30,000 cash from the issue of common stock. 2. purchased inventory for $18,000 cash. 3. sold inventory costing $15,000 for $32,000 cash. required a. record the events in general journal format. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)