Swifty Company sells one product. Presented below is information for January for Swifty Company.

Jan. 1		Inventory		103	units at $5 each
4		Sale		82	units at $8 each
11		Purchase		135	units at $7 each
13		Sale		102	units at $9 each
20		Purchase		167	units at $7 each
27		Sale		108	units at $11 each

Assume Swifty uses a perpetual system. Prepare all necessary journal entries. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)