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done already stuck on this one Skysong Company sells one product. Presented below is information for January for Skysong Company. Jan. 1 Inventory 106 units

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Skysong Company sells one product. Presented below is information for January for Skysong Company. Jan. 1 Inventory 106 units at $5 each 4. Sale 85 units at $8 each 11 Purchase 155 units at $7.00 each 13 Sale 128 units at $9.00 each 20 Purchase 173 units at $7 each 27 Sale 116 units at $11 each Skysong uses the FIFO cost flow assumption. All purchases and sales are on account. (a) - Your answer is partially correct. Assime Swenn Assume Skysong uses a periodic system. Prepare all necessary journal entries, induding the end-of-month closing entry, to record cost of goods sold. A physical count indicates that the ending inventory for January is 105 units. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit in.4 Accounts Receivable 680 Sales Revenue 68 an. 11 Purchases 1085 Accounts Payable 108 in 13 > Accounts Receivable 1,152 Sales Revenue 1.15 in 20 Purchases 1.211 Accounts Payable 1.21 an 27 Accounts Receivable 1.276 in 27 Accounts Receivable 1276 Sales Revenue 1.22 Jan. 31 Cost of Goods Sold 812 Inventory 81 No Entry

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