Record the journal entries.

2. record cost of sale for Jan 10

3. record the purchase of inventory for Jan 20

4. record the sale of goods for Jan 25

5. record the cost of sale for Jan. 25

5. record the purchase of inventory for Jan 30

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. Units sold at Retail Units Acquired at Cost 200 units @ $12.50 = $2,500 160 units @ $21.50 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 130 units @ $11.50 = 1,495 140 units @ $21.50 300 units @ $11.00 = 630 units 3,300 $7,295 Totals 300 units 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 Record the sale of goods