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Required information [The following information applies to the questions displayed below] Tree Seedlings has the following current-year purchases and sales for its only product. ecord journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a erpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. Journal entry worksheet Note: Enter debits before credits. Record the sale of goods. 2 Record the cost of sale. 3 Record the purchase of inventory. 4 Record the sale of goods. 5 Record the cost of sale. 6 Record the purchase of inventory. 7 Record the sale of goods. 8 Record the cost of sale. Note: = journal entry has been entered