Swifty Corporation sells one product, with information for July as follows: July 1 Inventory 100 units at $15.00 each 4 Sale 80 units at $19.00 each 11 Purchase 150 units at $16.40 each 13 Sale 120 units at $18.70 each 20 Purchase 160 units at $16.70 each 27 Sale 100 units at $19.50 each Swifty uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales. Assume Swifty uses a perpetual system. Prepare all July journal 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit July 4 Accounts Receivable cudy. Sales Revenue x (To record sales on account) July 11 Cost of Goods Sold Inventory (To record cost of goods sold) July 13 Inventory Accounts Payable X July 13 Accounts Receivable Sales Revenue (To record on account) zuly 200 July 20 Cost of Goods Sold Inventory (To record cost of goods sold) Inventory Accounts Payable July 27 Accounts Receivable Assume Swifty uses a periodic system. Prepare all journal entries needed, including the end-of-month adjusting entry to record cost of goods sold. A physical count indicates that the ending inventory for July is 110 units. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit July 4 Accounts Receivable X Sales Revenue July 11 Purchases TAccounts Payable July 13 TAccounts Receivable Sales Revenue 7 July 20 Purchases TAccounts Payable x July 27 Accounts Receivable Sales Revenue July 31 Imerchandise inventory Purchases Cost of Goods Sold merchandise inventory PRINTER VERSION 4 BACK NEXT NEXT July 11 Cost of Goods Sold Inventory (To record cost of goods sold) July 13 Inventory Accounts Payable July 13 Accounts Receivable Sales Revenue (To record sales on account) x X July 20 Cost of Goods Sold Inventory (To record cost of goods sold) Inventory Accounts Payable X July 27 Accounts Receivable Sales Revenue (To record sales on account) July 27 Cost of Goods Sold Inventory (To record cost of goods sold)