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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
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 250 items at $93 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Transaction Purchased Sold Description. 230 items @$103 135 items @$201 Date Mar. 5 Apr. 10 June 19 Sold Sept. 16 Nov. 281 Purchased Sold 245 items @$201 180 items @$108 125 items @$206 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.) View transaction list View journal entry worksheet No Date 1 03/05 Inventory Cash 2 04/10 Cash General Journali Debit Credit 23,690 23,600 27,135
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