of 2 ! No 1 Required: b. Record each transaction, assuming that Kangaroo Jim Company uses a periodic inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 2 3 Required information [The following information applies to the questions displayed below.] 4 Kangaroo Jim Company reported beginning inventory of 200 units at a per unit cost of $25. It had the following purchase and sales transactions during the year: January 14 Sold 120 units at unit sales price of $45 on account. April 9 Purchased 110 additional units at a per unit cost of $25 on account. September 2 Sold 110 units at a sales price of $50 on account. December 31 Counted inventory and determined 80 units were still on hand. Date January 14 January 14 April 09 September 02 Accounts Receivable Sales Revenue Purchases No Journal Entry Required Accounts Payable X Answer is not complete. Accounts Receivable Sales Revenue General Journal Drou 7 S 44 Debit 5,400 2,750 5,500 Credit 5,400 2,750 5,500

Required information [The following information applies to the questions displayed below.] Kangaroo Jim Company reported beginning inventory of 200 units at a per unit cost of $25. It had the following purchase and sales transactions during the year: January 14 Sold 120 units at unit sales price of $45 on account. April 9 Purchased 110 additional units at a per unit cost of $25 on account. September 2 Sold 110 units at a sales price of $50 on account. Decenber 31 Counted inventory and determined 80 units were stitl on hand. Required: b. Record each transaction, assuming that Kangaroo Jim Company uses a periodic inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)