provide explanation

Prepare all journal entries for the month of April for Bridgeport. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, eg, 1.25. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit April 1 No Entry No Entry 6 Inventory 95770 cash 9570 00 Cash 15080 Sales 15080 (To record sales) Coutor Goods Sold 8 Inventory (To record cost of goods sold) Inventory 15 20 Cash 1160 Sales 11760 (To record sales) 20 Cost of Goods Sold Inventory (To record the inventory sold) 27 Inventory 1240 Cash 1240 Bridgeport Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Bridgeport uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product Date Apr Unit Price 1 6 Unit Cost $84 87 Explanation Beginning inventory Purchases Sales Purchases Sales Purchases 8 15 20 27 Units 50 110 (130) 120 (120) $116 71 98 20 62