Prepare journal entries for each of the above dates, assuming TI uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. Record the purchase of 200 tags.

2. Record the purchase of 10 cases.

3. Record the payment of cash.

4. Record the sale of 100 tags.

5. Record the cost of goods of the 100 tags sold.

6. Record the purchase of 300 tags.

7. Record the purchase of 100 cases.

8. Record the payment of cash.

9. Record the sale of 60 cases.

10. Record the cost of goods of the 60 cases sold.

11. Record the sale of 200 tags.

12. Record the cost of goods of the 200 tags sold.

3 Required information Part 1 of The following information applies to the questions displayed below.j FindMe Inc., (Fl) has developed a coin-sized tracking tag that attaches to key rings, wallets, and other items and can be prompted to emit a signal using a smartphone app. Fl sells these tags, as well as water-resistant cases for the tags, with terms FOB shipping point. Assume FI has no inventory at the beginning of the month, and It has outsourced the production of its tags and cases. Fl uses FIFO and has entered into the following transactions: 14.28 points Jan. 2: FI purchased and received 200 tags from Xioasi Manufacturing (XM) at a cost of $11 per tag, n/15 Jan. 4: FI purchased and received 18 cases from Bachittar Products (BP) at a cost of 3 per case, n/28 Jan. 6: FI paid cash for the tags purchased from XM on Jan. 2 Jan. 8: FI mailed 100 tags via the U.S. Postal Service (USPS) to customers at a price of $34 per tag, on account Jan.11: FI purchased and received 308 tags from XM at a cost of $14 per tag, n/15 Jan.14: FI purchased and received 100 cases from BP at a cost of $3 per case, n/20 Jan. 16: FI paid cash for the cases purchased from BP on Jan. 4 Jan. 19: FI mailed 60 cases via the USPS to customers at a price of $13 per case, on account Jan. 21: FI mailed 200 tags to customers at a price of $34 per tag eBook Hint Ask Required: Print 1. Prepare Journal entries for each of the above dates, assuming Ti uses a perpetual Inventory system. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.)