Required information [The following information applies to the questions displayed below.] Kangaroo Jim Company reported beginning inventory of 100 units at a per unit cost of $25. It had the following purchase and sales transactions during the year: January 14 Sold 25 units at unit sales price of $45 on account. April 9 Purchased 15 additional units at a per unit cost of $25 on account. September 2 Sold 50 units at a sales price of $50 on account. December 31 Counted inventory and determined 40 units were still on hand. Required: a. Record each transaction, assuming that Kangaroo Jim Company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No Date General Journal Debit Credit 1 January 14 Accounts Receivable 1,125 Sales Revenue 1,125 2 January 14 No Journal Entry Required 3 April 09 Purchases Accounts Payable * 375 375 < Prev 24 25 of 25 Next >