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Required information The following information applies to the questions displayed below) Tree Seedlings has the following current year purchases and sales for its only product

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Required information The following information applies to the questions displayed below) Tree Seedlings has the following current year purchases and sales for its only product Units Acquired at cost 100 units $2 $ 200 Units sold at Retail 86 units SB Date January 1 January 3 February 14 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase sales Purchase Sales Purchase 135 hits $ - $ 414 120 units SB 150 units $4 - 3600 122 units $ 44 units 432 units $ 220 S 1,434 Totals 32 units Record journal entries for Tree Seedlings sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account and no discounts are offered View transaction list Journal entry worksheet

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