Use perpetual system, not periodic.

Wildhorse Company sells one product. Presented below is information for January for Wildhorse Company. Wildhorse uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Wildhorse 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 manuallv. List all debit entries hefore credit entries.) (To record the cost of inventory) (To record the sale) (To record the cost of inventory)