Question
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
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 290 items at $97 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Date Transaction. March 5 April 10 June 19 Purchased Sold Sold September 16 November 28 Purchased Sold Description 270 items @ $105 155 items @ $209 285 items @ $209 220 itens @ $112 145 items @ $214 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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