Required Information [The following information applies to the questions displayed below) Sigfusson Supplies reported beginning inventory of 95 units, for a total cost of $4.275. The company had the following transactions during the month: Jan. 6 sold 25 units on account at a selling price of $55 per unit. Bought 15 units on account at a cost of $45 per unit. 11 sold 15 units on account at a selling price of $60 per unit. 19 Sold 25 units on account at a selling price of 565 per unit. 27 Bought 15 units on account at a cost of $45 per unit. 31 counted Inventory and determined that 40 units were on hand. Required: 1. Prepare the journal entries that would be recorded using a periodic inventory system. (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field View transaction list 0 Sold 25 units on account at a selling price of $55 per unit. Record the transaction. Bought 15 units on account at a cost of $45 per unit. Record the transaction Sold 15 units on account at a selling price of $60 per unit. Record the transaction. Credit Sold 25 units on account at a selling price of $65 per unit. Record the transaction Bought 15 units on account at a cost of $45 per unit. Record the transaction. Note : journal entry has been entered Jan. 6 sold 25 units on account at a selling price of $55 per unit. 9 Bought 15 units on account at a cost of $45 per unit. 11 Sold 15 units on account at a selling price of $60 per unit. 19 Sold 25 units on account at a selling price of $65 per unit. 27 Bought 15 units on account at a cost of $45 per unit. 31 counted inventory and determined that 40 units were on hand. Required: 1. Prepare the journal entries that would be recorded using a periodic Inventory syste transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Soid 25 units on account at a selling price or $65 per unit. Record the transaction. Bought 15 units on account at a cost of $45 per unit. Record the transaction. 6 Record a journal entry that shows all goods initially on hand at the beginning of the period (in the Inventory account) and all goods bought during the period (in the Purchases account) as having been sold by the end of the period. Credit 7 Record a journal entry that adjusts the accounting records to show that 40 units of inventory actually are still on hand (and should be recorded in the Inventory account) at the end of the period. Note : journal entry has been entered Record entry Clear entry View general joun