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help with journal entry Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system.
help with journal entry
Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 385 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. ecord journal entries for Laker Company's saies and purchases transactions. Assume for this assignment that the company uses a erpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered Step by Step Solution
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