Bramble Corporation sells one product, with information for July as follows: July 1 4. 11 Inventory Sale Purchase Sale Purchase Sale 100 units at $15.00 each 80 units at $18.00 each 150 units at $16.40 each 120 units at $18.60 each 160 units at $17.60 each 100 units at $20.50 each 13 20 27 Bramble uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales. Assume Bramble 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 O for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date July 4 Account Titles and Explanation Accounts Receivable Sales Revenue (To record sales on account) July 4 Cost of Goods Sold Inventory (To record cost of goods sold) July 11 Inventory Accounts Payable July 13 (To record sales on account) July 13 (To record cost of goods sold) July 20 July 27 Assume Bramble 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 O for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date July 4 Account Titles and Explanation Accounts Receivable Sales Revenue (To record sales on account) July 4 Cost of Goods Sold Inventory (To record cost of goods sold) July 11 Inventory Accounts Payable July 13 (To record sales on account) July 13 (To record cost of goods sold) July 20 July 27 July 20 July 27 (To record sales on account) July 31 (To record cost of goods sold) e Textbook and Media List of Accounts X Your answer is incorrect. Calculate gross profit using the perpetual system. Gross profit/ (loss) $