Fit for Life $($FFL$)$ operates of fitness center and snock lounge. The following is a partial list of FFL transoctions during its year ended December $3$L$.$ FFL odjusts its records only ot year$-$end.

$3$anuary $6$ Purchased and received te nutritionsl bars for $3114,\frac{n}{4}s.$

January $8FH$ sold $70$ nutritional bars to Big Jin for $3304$ cash, which includes $328$ of sales tax.

April $30FHL$ received $35s,400$ fron Correrce Bank after signing a $24-$ sonth, $3$ percent, pronissory note.

August $31$ FFL signed a $6-$ month contract to sublease a portion of its bullding. HFL also received a $$13,200$ check for six ronths? nent.

Decerber $30$ HFL paid erployess" net pay through Decenber $31,$ using direct deposits totaling $$3,800,$ for $25$ total hours at a $318$ hourly wage. The company had withheld ficA of $$28e,$ Unitad way contributions of $$60,$ and inconc tax of $3360.$

Decerber $31HH$ adjusted the accounts at year$-$end, relating to $($a$)$ employer payroll taxes, including FiCA and $570$ of unerplogment taxes, $($b$)$ interest, and $($c$)$ rent.

Required:

Calculate the cost of goods sold on January $8,$ ossuming FF$.$ begon the year with on inventory of $60$ nutritional bors at o unit cost of $$1\mathrm{.}50($$$90$ total cost, had no other inventory transoctions prior to Jonusry $6$ and $8,$ and reports its inventory costs using FIFO.

$2$ For each of the sbove dotes, prepore the required joumal entries $($using o perpetual inventory system$)$ and the odjusting joumal entries.

Complete this question by entering your answers in the tabs below.

For each of the above dates, prepare the required journal entries $($using a perpetual inventory system$)$ and the adjusting joumal entries. $($Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No Joumal Entry Required" in the first account field.$)$

Morne tranceation inct

Vown joumat ently workcheot

$\backslash$table$[[,$No$,$Date,General JoumaI,Deblt,Credit$],[1,1,$Jonuary $06,$Imveritary,$114,],[,,$Accourts Payable,,$114],[,,,,],[r,2,$January $06,$Cash,$464,],[,,$Sales Tax Payable,,$44],[,,$Soles Revenue,,$420],[,,,,],[1,3,$January $08,$Cost of Goods Sold,$95,],[,,$Invertiony,,$96],[,,,,],[\frac{?}{{?}_{?}},4,$April $30,$Cash,$57,000,],[,,$Notes Payable $($long term$),,57\mathrm{.}000],[,,,,],[\frac{?}{{?}_{?}},5,$Augues $31,$Cash,$18\mathrm{.}000,],[,,$Deferred Rovenue,,$18,000],[,,,,],[\frac{?}{{?}_{?}},6,$December $30,$Solaries and Wlages Experve,$3,750,],[,,$Cash,,$2730],[,,$FiCA Payable,,$360],[,,$Charitable Cortributions Payable,,$220],[,,$Withold Incorne Taxes Payable,,$440],[,,,,],[1,7,$December $31,$Payral Tax Expense,$590,],[,,$FICA Payable,,$360],[,,$Unemployment Tax Payable,,$230],[,,,,],[\frac{?}{{?}_{?}},8,$Decomber $31,$Irterest Expense,$1,520,],[,,$Inlerest Payable,,$1\mathrm{.}520],[1,,,,,],[,9,$Decerrber $31,,12\mathrm{.}000,]]$