Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 140 units @ $6.00 = $ 840 Jan. 10 Sales 100 units @ $ 15 Jan. 20 Purchase 60 units @ $5.00 = 300 Jan. 25 Sales 80 units @ $ 15 Jan. 30 Purchase 180 units @ $4.50 = 810 Totals 380 units $1,950 180 units Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered, View transaction list Journal entry worksheet Record the sale of goods. Note: Enter debits before credits. Date General Journal Debit Credit Jan 10 Record entry Clear entry View general journal Record the cost of sale. Note: Enter debits before credits. Date General Journal Debit Credit Jan 10 Record entry Clear entry View general journal Record the purchase of inventory. Note: Enter debits before credits. Date General Journal Debit Credit Jan 20 Record entry Clear entry View general journal