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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date: Activities January 1 Beginning inventory 140 units Units Acquired at Cost $ 6.00- Units sold at Retail $ 840 January 10 January 20 January 25 Sales Purchase Sales 100 units $15 60 units $5.00 300 80 units 8 $15 January 30 Purchase Totals 180 units. 380 units $ 4.50- 810 $1,950 180 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 3 4 5 6 Record the sale of goods. Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment tha perpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are off View transaction list Journal entry worksheet < 1 2 3 4 5 6 Record the sale of goods. Note: Enter debits before credits. Date January 10 General Journal Debit Credit Recorde Accounts receivable Cost of goods purchased Cost of goods sold Goods available for sale Merchandise inventory View general journal