Required information [The following information applies to the questions displayed below.] TrackR, Incorporated, (TI) has developed a coin-sized tracking tag that attaches to key rings, wallets, and other items and can be prompted to emit a signal using a smartphone app. TI sells these tags, as well as water-resistant cases for the tags, with terms FOB shipping point. Assume Ti has no inventory at the beginning of the month, and it has outsourced the production of its tags and cases. TI uses FIFO and has entered into the following transactions: January 2 TI purchased and received 300 tags from Xioasi Manufacturing ( 09) at a cost of 59 per tag, N/15. January 4 II purchased and received 100 cases from Bachittar Products (BP) at a cost of 52 per case, r/2e. January 6 TI paid cash for the tags purchased fron Xot on January 2. January 8.11 mailed 200 tags via the U.S. Postal Service (USPS) to custoners at a price of $33 per tag, on account. January 11 II purchased and received 400 tags from nd at a cost of $12 per tag, n/15. January 14 TI purchased and recelved 280 cases from BP at a cost of $3 per case, n/2e. January 16 II paid cash for the cases purchased fron BP on January 4. January 19 TI mailed 160 cases vin the USPS to customers at a price of $10 per case, on account. January 21 II mailed 308 tags to customers at a price of $38 per tag, on account. Required: 1. Prepare journal entries for each of the above dates, nssuming Ti uses a perpetual imentary system. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Record the purchase of 300 tags. Chapter 7 Exercises (Static) Saved Required information Part 1 of 2