19:25 PM onferences Question 14 ollaborations .-16 leyPLUS Support View Policies Current Attempt in Progress At the beginning of the year, Riverbed Ltd. had 870 units with a cost of $6 per unit in its beginning inventory. The following inventory transactions occurred during the month of January: Jan. 3 Sold 720 units on account for $11 each. 9 Purchased 1,040 units on account for $7 per unit. 15 Sold 790 units for cash at $10 each. Prepare journal entries assuming that Riverbed Ltd. uses FIFO under a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 9:25 PM De Date Account Titles and Explanation Jan. 3 Accounts Receivable Sales 3 Cost of Goods Sold Inventory ON Accounts Payable 15 Cash Sales 15 Cost of Goods Sold Inventory e Textbook and Media O 09:25 PM the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) De Date Account Titles and Explanation Jan. 3 Accounts Receivable Sales 9 Inventory Accounts Payable 15 Cash Sales e Textbook and Media List of Accounts O