$[$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 $180$ units from the January $30$ purchase, $5$ units from the January $20$ purchase, and $15$ units from beginning inventory.

Date Activities Units Acquired at Cost Units sold at Retail

January $1$ Beginning inventory $140$ units @ $ $6\mathrm{.}00=$ $ $840$

January $10$ Sales $100$ units @ $ $15$

January $20$ Purchase $60$ units @ $ $5\mathrm{.}00=300$

January $25$ Sales $80$ units @ $ $15$

January $30$ Purchase $180$ units @ $ $4\mathrm{.}50=810$

Totals $380$ units $ $1,950180$ units

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 discounts are offered.