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Required information [The following information applies to the questions displayed below.] Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory

Required information [The following information applies to the questions displayed below.] Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 200 items at $88 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Description 180 items @$ 98 110 items @$191 Date Mar. 5 Transaction Purchased Apr. 10 Sold June 19 Sold 195 items @$191 Sept. 16 Nov. 28 Purchased Sold 130 items @$103 100 items @$196 Required a. Record the inventory transactions in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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