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please look at these they were awnsered wrong I don't have many questions to waste. C7-3 through C7-5 (Algo) (Supplement 7A) Recording Inventory Purchases, Allowances,

please look at these they were awnsered wrong I don't have many questions to waste.
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C7-3 through C7-5 (Algo) (Supplement 7A) Recording Inventory Purchases, Allowances, Sales, and Shrinkage Using Perpetual FIFO, Weighted Average, LIFO (Chapters 6 and 7) [LO 6-2, LO 6-3, LO 6-4, LO 7.S1] [The following information applies to the questions displayed below.] Tracer Advance Corporation (TAC) sells a tracking implant that veterinarians surgically insert into pets. TAC began January with an inventory of 200 tags purchased from its supplier in November last year at a cost of $12 per tag. plus 100 tags purchased in December last year at a cost of $15 per tag. TAC uses a perpetual inventory system to account for the following transactions. January 3 TAC qave 250 tags to a courier company (UPS) to detiver to veterinarian customers. The sales price was $30 per tag, and the sales terns were n/30, F08 shipping point. January 4 ups contirned that all 250 tags were detivered today to custoners. January 9 TAC ordered 350 tags from its supplier. The suppller was out of stock but pronised to send them to TAC as soon as possible. TAC ogreed to a cost of $22 per tag, n/30. January 19 The 350 tags ordered on January 9 were shipped to and received by TAC today. TAC complained about the delay between order and shipnent date, so the supplier reduced the amount TAC owed by granting an atlowance of $1 per tag (\$350 total). January 23 TAC gave 375 tags to UPS, Which were detivered "sane day" to veterinarian customers at a price of $30 per tag, n/30, Fo8 shipping point. Jonuary 28 TAC received cash paynent from customers for 125 of the tags delivered January 4 . January 31 TAC counted its inventory and determined 20 tags were on hand. TAC nade a "book-to-physical adjustrent" to account for the aissing 5 tags. Assume Tracer Advance Corporation (TAC) uses LIFO in its perpetual inventory system. Prepare the journal entry for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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