Laker Company reported the following January purchases and sales data for its only product. For specific

identification, ending inventory consists of $180$ units from the January $30$ purchase, $5$ units from the January

$20$ purchase, and $15$ units from beginning inventory.

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.

Complete a journal entry worksheet.