Required information Use the following information for the Exercises 11-13 below. (Algo) [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Date January 1 January 3 February 14 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase Sales Units Acquired at Cost Units Sold at Retail 160 units @ $2 = $ 320 Purchase Sales Purchase 68 units 246 units @ $3 = $ 738 210 units @ $4 = $ 840 @ $5 = 110 units @ $ 8 180 units @ $ 8 158 units @ $ 8 $ 340 $ Totals 684 units 448 units 2,238 Exercise 5-12 (Algo) Perpetual: Journalizing transactions LO P1 Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the compa perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record the sale of goods. Note: Enter debits before credits. Date January 03 General Journal Debit Credit Record entry Clear entry View general journal < < Prev