Waterway Company sells one product. Presented below is information for January for Waterway Company. Jan. 1 Inventory 119 units at $4 each 4 Sale 98 units at $8 each 11 Purchase 141 units at $6 each 13 Sale 111 units at $9 each 20 Purchase 160 units at $6 each 27 Sale 95 units at $11 each Waterway uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Waterway uses a perpetual system. Prepare all necessary journal entries. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit [Jan. 4 A Accounts Receivable 784 Sales Revenue 784 (To record the sale) Cost of Goods Sold 392 Inventory 392 (To record the cost of inventory) Jan. 11 Inventory 846 Accounts Payable 846 Jan. 13 Accounts Receivable 999 Sales Revenue 999 (To record the sale) Cost of Goods Sold Inventory (To record the cost of inventory) Jan. 11 - Inventory 846 Accounts Payable 846 Jan. 13 Accounts Receivable Sales Revenue 999 (To record the sale) Cost of Goods Sold Inventory (To record the cost of inventory) Jan. 20 4 Inventory 960 Accounts Payable 960 Jan. 274 Accounts Receivable 1045 Sales Revenue 1045 (To record the sale) Cost of Goods Sold Inventory (To record the cost of inventory)