Business Analytics

(all journal entiries plus additional information)

Required information The following information applies to the questions displayed below.) Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 210 items at $89 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Date Transaction Description March 5 Purchased 190 items @ $99 April 10 Sold 115 items @ $193 June 19 Sold 205 itens @ $193 September 16 Purchased 140 itens @ $104 November 28 Sold 105 itents @ $198 Required o. Record the inventory transactions in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet