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 210 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. Date January 1 January 10 January 201 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals Units Acquired at Cost Units sold at Retail 155 units $ 8.00- $1,240 s units $17.00 90 units @ $7.00- 630 95 units $17.00 210 units $ 6.50- 455 units 1,365 $ 3,235 210 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 3 Part 2 of 2 3.5 poets 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 transactions Journal entry worksheet Skoped < 1 2 3 4 5 6 Block P Mc Record the sale of goods. Note: Enter debits before credits. Date January 10 General Journal Debit Credit View general journal Record entry Clear entry Prev Next> 3 Part 2 of 2 35 points 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 3 4 5 6 Skipped abook Record the cost of sale. Pre Note: Enter debits before credits Mc Graw Date January 10 General Journal Debit Credit View general journal Record entry Clear entry < Prev Next > 3 Part 2 of 2 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 35 points Spe Journal entry worksheet 3 4 5 6 Record the purchase of inventory. Book Pam References Mc Graw Ertar debits before credits. Date General Journal Debit Credit January 20 Record entry Clear entry View general journal 3 Part 2 of 2 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 35 points Journal entry worksheet Scicoed < 1 2 3 4 5 6 Record the sale of goods. ebook Pron References Note: Enter debits before credits Date January 25 General Journal Debit Credit Mc View general journal Record entry Clear entry 3 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 Part 2 of 2 View transaction list 35 points Skipped Journal entry worksheet 3 4 5 6 Record the cost of sale. Book Pr Referenc Mc nerd before credits Date General Journal Debit Credit January 25 Record entry Clear entry View general journal Next 3 Part 2 of 2 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 3.5 points Journal entry worksheet Sopped < 1 2 3 4 5 6 > Record the purchase of inventory. etlook Pr References Note: Enter debits before credits. Date January 30 General Journal Debit Credit Record entry Clear entry View general journal