Blue Spruce Corporation sells one product, with information for July as follows:

July	1		Inventory		100 units at $16.00 each
	4		Sale		80 units at $20.00 each
	11		Purchase		150 units at $16.10 each
	13		Sale		120 units at $18.80 each
	20		Purchase		160 units at $16.60 each
	27		Sale		100 units at $20.60 each

Blue Spruce uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales.

Assume Blue Spruce uses a perpetual system. Prepare all July journal entries. (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 0 for the amounts. Record journal entries in the order presented in the problem.)