please record journal entey

Required information Use the following information for the Exercises 3-7 below. (Algo) [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 300 units from the January 30 purchase. 5 units from the January 20 purchase, and 25 units from beginning inventory Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 200 units @ $12.50 - $ 2,500 January 10 Sales 160 units @ $ 21.se January 20 Purchase 138 units @ $11.50 - 1,495 January 25 140 units e $21.50 January 30 Purchase 300 units $11.00 - 3,300 Totals 638 units $ 7,295 300 units Sales Exercise 5-4 (Algo) Perpetual: Journalizing transactions LO P1 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