Activities Beginning inventory February 14 February 15 June 30 November 6 November 19 Sales Purchase Sales Purchase Sales Purchase Totals Use the following information for the Exercises 11-13 below. (Static) [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Date: January 1 January 31 $2 - $ 80 Unita Acquired at Cost Units Sold at Retail 40 units 30 units 58 70 units $3 - $ 210 60 units $8 90 units $4- $ 360 86 units @ $8 20 units 220 units $5-> $ 100 $ 750 176 units Exercise 5-12 (Static) Perpetual: Journalizing transactions LO P1 Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Record the sale of goods. Note: Enter debits before credits. 9 < Prev 6 of 10 Next >