Record journal entries for Laker Compary's sales and purchases transactions. Assume for this assignment that the compa perpetuial inventory system and FiFO. All sales and purchases are made on account, and no discounts are offered. Journal entry worksheet Journal entry worksheet Record the cost of sale. Note: Enter debits before credits. Journal entry worksheet Record the sale of goods. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. 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. Journal entry worksheet Journal entry worksheet Record joumal entries for Laker Company's sales and purchases uar. perpetual inventory system and FIFO. All sa Journaientryworksheet6 Record the cost of sale. Notei Inter debits before credits