! Required information SU Company reported the following January purchases and sales data for its only...

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! Required information SU Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. Date Activities Jan. 1 Beginning inventory Jan. 10 Purchase Jan. 20 Purchase Jan. 21 Purchase 142 units 62 units 180 units 384 units @ Jan. 22 Sales Jan. 27 Sales Units Acquired at Cost Units sold at Retail $ 6.00 $5.00 $ 4.50 $10.00 384 units $20.00 10 units @ $25.00 Record journal entries for SU Company's sales transactions. Assume for this exam that the company uses a perpetual inventory system, FOB shipping point (all orders were shipped immediately) and FIFO. All sales are made on account, and no discounts are offered (n/30). ! Required information SU Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. Date Activities Jan. 1 Beginning inventory Jan. 10 Purchase Jan. 20 Purchase Jan. 21 Purchase 142 units 62 units 180 units 384 units @ Jan. 22 Sales Jan. 27 Sales Units Acquired at Cost Units sold at Retail $ 6.00 $5.00 $ 4.50 $10.00 384 units $20.00 10 units @ $25.00 Record journal entries for SU Company's sales transactions. Assume for this exam that the company uses a perpetual inventory system, FOB shipping point (all orders were shipped immediately) and FIFO. All sales are made on account, and no discounts are offered (n/30).