At the beginning of the year, Flounder Ltd. had 860 units with a cost of $5 per unit in its beginning inventory. The following inventory transactions occurred during the month of January: Jan. 3 Sold 690 units on account for $15 each. 9 Purchased 1,040 units on account for $6 per unit. 15 Sold 790 units for cash at $14 each. (a) Prepare journal entries for these January transactions assuming that Flounder Ltd. uses FIFO under a perpetual inventory system. (List all debit entries before credit entries. 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 3 Debit Credit (To record sale)