Required information Use the following information for the Exercises below. (Algo) (The following informalion apples to the questions displayed below/ Laker Company reported the following January purchases and sakes data for its onby product. For specific identification, ending inventory consists of 214 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase. and 29 are from beginning inventory. Exercise 5-6A (Algo) Perpetual: Journalizing transactions LO P3 Record journal entties for Laket Company's saks and purchases transactions. Assume for this assignment that the company uses a berpetual inventory system and FIFO. All sales and puichases are made on account, and no discounts are olfered. Required information Use the following information for the Exercises below. (Algo) (The following informalion apples to the questions displayed below/ Laker Company reported the following January purchases and sakes data for its onby product. For specific identification, ending inventory consists of 214 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase. and 29 are from beginning inventory. Exercise 5-6A (Algo) Perpetual: Journalizing transactions LO P3 Record journal entties for Laket Company's saks and purchases transactions. Assume for this assignment that the company uses a berpetual inventory system and FIFO. All sales and puichases are made on account, and no discounts are olfered