3285-040/041 (202020). Zo X Launch Meeting - Zoom ses/38929/assignments/5127045?module_item_id=15813377 Question 14 View Policies Current Attempt in Progress At the beginning of the year, Concord Ltd. had 880 units with a cost of $7 per unit in its beginning inventory. The following inventory transactions occurred during the month of January: Jan. 3 Sold 710 units on account for $15 each. 9 Purchased 1,020 units on account for $8 per unit 15 Sold 820 units for cash at $14 each. Prepare Journal entries assuming that Concord Ltd. uses FIFO under a perpetual inventory system (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. I no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Jan. 3 Debit Credit 3 1 Zoom mourses/38929/assignments/5127045?module_item_id=15813377 Prepare jord ILTIES Ungd CONCOTULLU. U rir una perpetua Vory system. ILICIULLOUTILUS UTC ULTILINY Indented when the amount is entered. Do not Indent manually. Record Journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Jan. 3 Debit Credit 3 9 15 15 e Textbook and Media List of Accounts 3:35 JS 285 040/041 (202020) Zo X Launch Meeting - Zoom X + Larses/38929/assignments/5127045?module_item_id=15813377 F Prepare journal entries assuming that Concord Ltd. uses FIFO under a periodic inventory system. (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 for the amounts.) Date Account Titles and Explanation Jan. 3 Debit Credit 9 un e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit