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The following inventory transactions apply to Green Company for Year 2: Jan. 1 Apr. 1 Aug. 1 Dec. 1 Purchased Sold Purchased Sold 300 units
The following inventory transactions apply to Green Company for Year 2: Jan. 1 Apr. 1 Aug. 1 Dec. 1 Purchased Sold Purchased Sold 300 units @ $ 11 150 units @ $ 18 370 units @ $ 12 463 units @ $ 19 The beginning inventory consisted of 175 units at $12 per unit. All transactions are cash transactions. Required a. Record these transactions in general journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual records. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry inventory purchased for cash. Note: Enter debits before credits. Date General Journal Debit Credit 01/01
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