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Sarasota Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Sarasota

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Sarasota Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Sarasota uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product. repare all journal entries for the month of April for Sarasota. (List all debit entries before credit entries. Credit account titles are lutomatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 1.25. If no entry is equired, select "No Entry" for the account titles and enter O for the amounts.)

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