[The following information applies to the questions displayed below.] Kangaroo Jim Company reported beginning inventory of 480 units at a per unit cost of $5. It had the following purchase and sales transactions during the year: January 14 Sold 400 units at unit sales price of $25 on account. April 9 Purchased 390 additional units at a per unit cost of $5 on account. September 2 Sold 330 units at a sales price of $30 on account. December 31 Counted inventory and determined 140 units were still on hand. Required: a. Record each transaction, assuming that Kangaroo Jim Company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

[The following information applies to the questions displayed below.] Kangaroo Jim Company reported beginning inventory of 480 units at a per unit cost of $5. It had the following purchase and sales transactions during the year: January 14 sold 400 units at unit sales price of $25 on account. April 9 Purchased 390 additional units at a per unit cost of $5 on account. september 2 sold 330 units at a sales price of $3 on account. December 31 Counted inventory and determined 140 units were still on hand. Required: a. Record each transaction, assuming that Kangaroo Jim Company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)