Required information [The following information applies to the questions displayed below] FindMe Incorporated, (FI) has developed a coin-sized tracking tag that attaches to key rings, wallets, and other items and can be prompted to emit a signal using a smartphone app. Fl sells these tags, as well as water-resistant cases for the tags, with terms FOB shipping point. Assume FI has no inventory at the beginning of the month, and it has outsourced the production of its tags and cases. Fl uses FIFO and has entered into the following transactions: January 2 FI purchased and received 240 tags from Xioasi Manufacturing (XM) at a cost of $7 per tag, n/15. January 4 FI purchased and received 50 cases from Bachittar Products (BP) at a cost of $4 per case, n/20. January 6 FI paid cash for the tags purchased from XM on January 8 FI mailed 140 tags via the U.S. Postal Service on account. January 2. (USPS) to customers at a price of $32 per tag, January 11 FI purchased and received 340 tags from XM at a cost of $10 per tag, n/15. January 14 FI purchased and received 140 cases from BP at a cost of $5 per case, n/20. January 16 FI paid cash for the cases purchased from BP on January 4. January 19 FI mailed 100 cases via the USPS to customers at a price of $14 per case, on account. January 21 FI mailed 240 tags to customers at a price of $32 per tag, on account. Journal entry worksheet < 1 2 3 4 5 6 7 8 12 Record the cost of goods of the 140 tags sold. Note: Enter debits before credits. Date January 08 General Journal Debit Credit Cost of Goods Sold Inventory Journal entry worksheet > 1 2 3 4 5 6 7 Record the purchase of 140 cases. Note: Enter debits before credits. 8 12 > General Journal Debit Credit Date January 14 Inventory Accounts Payable Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 12 Record the payment of cash. Note: Enter debits before credits. Date General Journal Debit Credit January 16 Accounts Payable Cash Record entry Clear entry View general journal Journal entry worksheet < 1 4 5 6 7 8 9 12 Record the sale of 100 cases. Note: Enter debits before credits. Date January 19 General Journal Debit Credit Accounts Receivable Sales Revenue Record entry Clear entry View general journal > 1 5 6 7 8 9 10 12 Record the cost of goods of the 100 cases sold. Note: Enter debits before credits. Date General Journal Debit Credit January 19 Cost of Goods Sold Inventory Record entry Clear entry View general journal Journal entry worksheet > 1 5 6 7 8 CO Record the sale of 240 tags. Note: Enter debits before credits. Date 9 10 11 12 General Journal Debit Credit January 21 Accounts Receivable Sales Revenue 13 Record entry Clear entry View general journal Journal entry worksheet < 1 5 6 7 8 CO Record the cost of goods of the 240 tags sold. Note: Enter debits before credits. 9 10 11 112 12 Date January 21 General Journal Debit Credit Cost of Goods Sold Inventory