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In November 2021, the Brunswick Company signed two purchase commitments. The first commitment requires Brunswick to purchase 20,000 units of inventory at $17 per unit by December 15, 2021. The second commitment requires the company to purchase 30,000 units of inventory at $18 per unit by March 15, 2022. Brunswick's fiscal year-end is December 31. The company uses a periodic inventory system. Both contracts were exercised on their expiration date. Required: 1. Prepare the journal entry to record the December 15 purchase for cash assuming the following alternative unit market prices on that date: a. $17.50 b. $16.50 2. Prepare any necessary adjusting entry at December 31, 2021, for the second purchase commitment assuming the following alternative unit market prices on that date: a. $19.50 b. $17.30 3. Assuming that the unit market price on December 31, 2021, was $17.30, prepare the journal entry to record the purchase on March 15, 2022, assuming the following alternative unit market prices on that date: a. $18.50 b. $17.00 Required 1 Required 2 Required 3 Prepare the journal entry to record the December 15 purchase for cash assuming the following alt date. (If no entry is required for a transaction/event, select "No journal entry required" in the first View transaction list Journal entry worksheet Record the purchase for cash of 20,000 units when the market price is $17.50 per unit. Note: Enter debits before credits. Transaction General Journal Credit Debit 340,000 Cash 340,000 Required 1 Required 2 Required 3 Prepare the journal entry to record the December 15 purchase for cash assuming the following alternativ date. (If no entry is required for a transaction/event, select "No journal entry required" in the first accour View transaction list Journal entry worksheet

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