Demski Company reported beginning inventory of 340 units at a unit cost of $21. It engaged in the following purchase and sale transactions during the current year: Jan. 14 Sold Be units at unit sales price of $36 on open account. April 9 Purchased 65 additional units at unit cost of $21 on open account. Sept. 2 Sold 155 units at unit sales price of $46 on open account. At the end of the current year, a physical count showed that Demski Company had 170 units of inventory set on hand. Required: (a). Record each transaction, assuming that Demski Company uses a periodic inventory system (Including any necessary entries at December 31, the end of the current year). Demski Company uses the FIFO inventory costing method. If no entry is required for transaction/event, select "No journal entry required" in the first account field.) 11 View transaction list Journal entry worksheet 1 2 3 4 5 Record sales on account. Note: Enter debits before credits. General Journal Debit Credit Date January 14 Record entry Clear entry View general Journal View transaction list Journal entry worksheet hy necess the FIFO inventory costing method. (If no entry is transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet