Required Information [The following information applies to the questions displayed below.] Frigid Supplies reported beginning inventory of 200 units, for a total cost of $2,000. The company had the following transactions during the month: Jan. 3 Sold 20 units on account at a selling price of $15 per unit. 6 Bought 30 units on account at a cost of $10 per unit. 16 Sold 30 units on account at a selling price of $15 per unit. 19 Sold 20 units on account at a selling price of $20 per unit. 26 Bought 10 units on account at a cost of $10 per unit. 31 Counted inventory and determined that 160 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 View journal entry worksheet > No General Journal Debit Credit 1 Date January 03 300 Accounts Receivable Sales Revenue 300 2 January 06 300 Inventory Accounts Payable 300 3 January 16 450 Accounts Receivable Sales Revenue 450 4 January 19 400 Accounts Receivable Sales Revenue 400 5 January 26 100 Inventory Accounts Payable 100 6 January 31 2,000 Inventory Cost of Goods Sold Purchases 7 January 31 1,600 Inventory Cost of Goods Sold 1,600