Current Attempt in Progress At the beginning of the year, Cheyenne Ltd. had 900 units with a cost of $5 per unit in its beginning inventory. The following inventory transactions occurred during the month of January: Sold 700 units on account for $14 each. Purchased 1,030 units on account for $6 per unit. Sold 780 units for cash at $13 each. Jan. 3 9 15 (a) Prepare journal entries for these January transactions assuming that Cheyenne 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 3 (To record sale) Date Account Titles and Explanation Debit Credit Jan. 3 (To record sale) (To record the inventory) 9 15 (To record sale) 15 (To record the inventory) eTextbook and Media