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O Required information [The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only

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O Required information [The following information applies to the questions displayed below) 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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Units sold at Retail Units Aequired at cost 140 units $ 6.00 $ 840 100 units $ 15 300 Date January 1 January 10 January 20 January 25 January 30 60 units . $5.00 - Activities Beginning inventory Sales Purchase Sales Purchase Totals 80 units 5 15 # $ 4.50 - 180 units 380 units 810 $ 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 > 2 3 4 5 6 Record the sale of goods, > Journal entry worksheet 3 4 5 N

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