Required information Skip to question [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 40 units @ $2 = $ 80 January 3 Sales 30 units @ $8 February 14 Purchase 70 units @ $3 = $ 210 February 15 Sales 60 units @ $8 June 30 Purchase 90 units @ $4 = $ 360 November 6 Sales 86 units @ $8 November 19 Purchase 20 units @ $5 = $ 100 Totals 220 units $ 750 176 units Record journal entries for Tree Seedlings sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventor.

JAN 3 Record the sale of goods. JAN 3 Record the cost of sale. FEB 14 Record the purchase of inventory. FEB 14 Record the sale of goods. FEB 15 Record the cost of sale. JUN 30 Record the purchase of inventory. NOV 6 Record the sale of goods. NOV 6 Record the cost of sale. NOV 19 Record the purchase of inventory.