! Required information Activities Beginning inventory [The following information applies to the questions displayed below.] Tree...

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! Required information Activities Beginning inventory [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Date January 1 Units Acquired at Cost Units Sold at Retail 40 units 52- $ 80 January 31 Sales 30 units 858 February 14 November 6 February 15 June 30 November 19 Purchase Sales Purchase Sales 70 units 8$3- 90 units $4- $ 210 $ 360 60 units 58 86 units $8 Purchase Totals 20 units 220 units $5-> $ 100 $ 750 176 units Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record the sale of goods. Note: Enter debits before credits Date January 03 General Journal Debit Credit + Record entry Clear entry View general journal ! Required information Activities Beginning inventory [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Date January 1 Units Acquired at Cost Units Sold at Retail 40 units 52- $ 80 January 31 Sales 30 units 858 February 14 November 6 February 15 June 30 November 19 Purchase Sales Purchase Sales 70 units 8$3- 90 units $4- $ 210 $ 360 60 units 58 86 units $8 Purchase Totals 20 units 220 units $5-> $ 100 $ 750 176 units Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record the sale of goods. Note: Enter debits before credits Date January 03 General Journal Debit Credit + Record entry Clear entry View general journal