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7 Part 1 of 2 Required information The following information applies to the questions displayed below.) FindMe Inc., (Fl) has developed a coin-sized tracking tag

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7 Part 1 of 2 Required information The following information applies to the questions displayed below.) FindMe Inc., (Fl) has developed a coin-sized tracking tag that attaches to key rings, wallets, and other items and can be prompted to emit a signal using a smartphone app. Al sells these tags, as well as water-resistant cases for the tags with terms FOB shipping point. Assume Fl has no Inventory at the beginning of the month, and it has outsourced the production of its tags and cases. Fl uses FIFO and has entered into the following transactions: 2 Jan. 2: FL purchased and received 260 tags from Xioasi Manufacturing (XM) at a cost of $7 per tae, n/15 Jan. 4: FI purchased and received 60 cases from Bachittar Products (BP) at a cost of $2 per case, 1/20 Jan. 6: FI paid cash for the tags purchased from XM on Jan. 2 Jan. 8: fi mailed 160 taes via the U.S. Postal Service (USPS) to customers at a price of $30 per tag on account, Jan.11: Fl purchased and received 360 tons from X at a cost of $10 per tag, 1/15 Jan 14: FI purchased and received 160 cases from BP at a cost of $3 per case, n/20. Jan. 16: FI paid cash for the cases purchased from HP on an. 4. Jan 19: Y malled 120 cases via the USPS to customers at a price of 515 per case, on account Jan. 211 F1 mailed 260 toe to customers at a price of $10 per te Required: 1. Prepare journal entries for each of the above dates, assuming Tluses a perpetual inventory system (If no entry is required for a transaction/event, select "No journal entry required" in the first occount field.) View Jan 21: FI mailed 260 tags to customers at a price of $30 per tag. 7 Part 1 of 2 Required: 1. Prepare journal entries for each of the above dates, assuming Tluses a perpetual inventory system entry is required for a transaction/event, select "No journal entry required" in the first account fie OL300 View transaction list Journal entry worksheet 2 5 8 12 Record the purchase of 200 tags. Note Enter debits before credits Onte General Journal Credit Jan 02 Record entry Clear entry View general Journal OLLUT Jan. 21: FL mailed 260 tags to customers at a price of $30 per tag. 7 Required: Part 1 of 2 1. Prepare journal entries for each of the above dates, assuming Tl uses a perpetual inventory sys entry is required for a transaction/event, select "No journal entry required" in the first accou 013744 View transaction list Journal entry worksheet

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