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. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 340 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning Inventory. Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals Units Acquired at Cost 210 units @ $ 13.50 = 150 units @ $ 12.50 = Units sold at Retail $ 2,835 160 units @ $ 22.50 340 units @ 700 units $ 12.00 = 1,875 4,080 $ 8,790 180 units @ $ 22.50 340 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 < 1 2 3456 Record the sale of goods. Note: Enter debits before credits. Date General Journal Debit Credit 3 January 10 Accounts receivable Sales Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 Record the cost of sale. Note: Enter debits before credits. Date January 10 456 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 2 3 456 Record the purchase of inventory. Note: Enter debits before credits. Date January 20 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 56 Record the sale of goods. Note: Enter debits before credits. Date January 25 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 5 Record the cost of sale. Note: Enter debits before credits. Date January 25 co General Journal Debit Credit > Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the purchase of inventory. Note: Enter debits before credits. Date January 30 General Journal Debit Credit Record entry Clear entry View general journal