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Sorry for so many pictures. I think I have the General Journal sections right but im not 100% sure. Feel free to change that if
Sorry for so many pictures. I think I have the General Journal sections right but im not 100% sure. Feel free to change that if i got them wrong. Any help at all would be greatly appreciated even if you don't do all the journal entries. Thank you.
Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 260 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Exercise 5-4 (Algo) Perpetual: Journalizing transactions LO P1 Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and FIFO. All sales and purchases are made on account, and no disciounts are offered. Journal entry worksheet Record the sale of goods. Note: Enter debits before credits. Journal entry worksheet Record the purchase of inventory. Note: Enter debits before credits. Journal entry worksheet Record the sale of goods. Note: Enter debits before credits. Journal entry worksheet 3 Record the cost of sale. Note: Enter debits before credits. Record the purchase of inventory. Vote: Enter debits before creditsStep by Step Solution
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