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Snow-Tech Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert ski during November:

Snow-Tech Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert ski during November: Date Explanation Units Unit Cast/Price Nov. 1 Beginning inventory 33 $300 5 Purchases 23 305 12 Sales (37) $490 19 Purchases 43 310 22 25 22 Sales (46) 501 Purchases 35 315 51 Prepare journal entries to record purchases (on account) and sales (cash) for Snow-Tech in a perpetual inventory system using FIFO. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Nov. 5 Inventory Accounts Payable 122 12 Cash Sales (To record sales) 22 12 Cost of Goods Sold Inventory (To record the inventory sold) 9 19 Inventory Debit 7015 18130 11730 13300 Credit 7015 18130 11730 12 Cost of Goods Sold Inventory (To record the inventory sold) 19 Inventory Accounts Payable 22 22 Cash Sales (To record sales) 22 22 Cost of Goods Sold Inventory (To record the inventory sold) 25 Inventory 11730 13300 23046 14795 10395 11730 13300 20046 14795 19 (To record the inventory sold) Inventory Accounts Payable 22 Cash Sales To record sales) 22 Cost of Goods Sold Inventory (To record the inventory sold) 25 Inventory Accountable 13300 23046 14795 10395 13300 23046 14795

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