Project #1: Journal Entries in a real-world setting Parts-4-U is a wholesale company. Parts-4-U is a specialty supplier who only buys and sells one good to its retailers. Joe, their accountant, received the attached documents (in no particular order) during the month of December 2018. Using this information, complete the following items: 1. Prepare all required journal entries based on the source documents provided (Part 1). For all sales and cost of sales transactions, assume Parts-4-U follows the perpetual inventory system 1. Provide the ending inventory number of units. Additionally, provide the ending inventory balance as of 12/31/2018 under the FIFO basis of accounting. Assume Parts-4-U follows the periodic inventory system for determining its ending inventory balance. 2. Parts-4-u 001 2/15/2018 Ypuilanti, MI 48197 NOT A LEGAL CHECK O Maka-some-monay, Inc RDEROF Nincty One Thousand Three andred Sxty & 00100 1,30.00 DOLLARS FN 68045538 125456789112545678918 0001 Remittance Advice Payment for Invoice 000001 and 000002 Make-some-money, Inc. 123 Monopoly Blvd psilanti, MI 48197 INVOICE 1 eilled Te: invoieo Num: Parts-4-U Invaice Date 12/12018 56 Boardwalk Ave psilanti, MI 48197 10,n/30 Due Date FOB Shipping Prica ntity Extention Part Number 68045638 Fr id by seller Sub Total: $60,000 Total Due bbu 12/1/2018 Date Signatures Thank You for Your Business! Commerciel invoice Template Make-some-money, Inc. 123 Monopoly Blvd Ypsilanti, MI 48197 INVOICE inveice Num, 000003 invaiee Date 12/20/2018 Billed To Parts-4-U Boardwalk Ave lanti, MI 48197 10,n/30 FOB Shipping Due Date Price Quantity Extansion Part Number 68045638 S20 8,000 1S160,000 Freight paid by seller Sub Total: $160,000 Total Due$160,000 12/20/2018 Date Signatures Thank You for Your Business! Parts-4-U 456 Boardwalk Ave Ypsilanti, MI 48197 INVOICE 100002 Billed To: Wal-mart 1234 Executive Bivd Pinckney, MI 48169 invoiee Num: invaiee Date 12/31/2018 4/20,n/60 Dve Date PriceQuantity [$40 -t-E000 15240,000] Pink Umbrella Sub Total: $240.000 FOB Shipping Delivery Date: 12/31/2018 Total Due $240,000 12/31/2018 Signaturex Date Thank You for Your Business! d Iavaie | W -mart 1234 Executive Blvd Pinckney. MI 4816e 12312018 0001 NOT A LEGAL CHECK ACMING USE ONLT PAY ORDER OF Fifty Seven Thousand &00/100 TO THE Parts-4-U $57.800.00 DOX LARS Pink Umbrellas FOR 812345678918 :1 81234 5678918 0001 Payment for Iavoice 100001