Exercise 8-9 (Part Level Submission) Culver Company sells one product. Presented below is informa Jan. 1 Inventory 114 units at $5 each Sale 89 units at $8 each 4 Purchase 156 units at $7 each 11 Sale 126 units at $9 each 13 Purchase 158 units at $7 each 20 27 Sale 103 units at $11 each Account Titles and Explanation Debit Credit Date Jan. 4 Accounts Receivable 712 Sales Revenue 712 (To record the sale) Cost of Goods Sold 445 Inventory 445 (To record the cost of inventory) Inventory Jan. 11 1092 Accounts Payable 1092 Accounts Receivable Jan. 13 1134 Sales Revenue 1134 (To record the sale) Cost of Goods Sold 731 Inventory 731 x- (lo record the cost of inventory) Inventory Jan. 20 1106 Accounts Payable 1106 Accounts Receivable Jan. 27 1133 Sales Revenue 1133 (To record the sale) Cost of Goods Sold 546 Inventory 546 (To record the cost of inventory)