Considering that Ben Inc. estimates inventory using FIFO method under perpetual inventory system, please (1) journalise and (2) post April transactions. (Note: Posting process requires opening & closing balances.)

- [Inventory using the perpetual system: FIFO & LIFO]- Q2. In the following month (April 2020), Ben Consulting Inc. completed the following transactions. (Note: Ignore GSTs) 02 Apr Ben Consulting Inc. completed a consulting engagement and received cash of $8,200 02 Apr Prepaid three months' office rent, $5,400 08 Apr Purchased 120 units software inventory on credit, $1,800. 11 Apr Paid employee salary, $1,200 14 Apr Sold 40 software units on credit, $1,000 16 Apr Consulted with a client for a fee of $2,500 on credit. 18 Apr Purchased 250 units software inventory on cash, $3,000 21 Apr Sold 120 software units for cash, $2,800 25 Apr Purchased 100 units software inventory on credit, $1,800 25 Apr Paid employee salary, $1,200 26 Apr Paid on account, $2,400 28 Apr Sold 220 software units for cash, $4,800 29 Apr Performed consulting services on credit, $2,500 30 Apr $200 amount of interest expenses are accrued 30 Apr Recorded the following adjusting entries: Accrued salary expense: $600 Depreciation: $150 Expiration of prepaid rent: $1,800 Office supplies on hand: $200 Prepaid insurance expired: $200 Unearned service revenue earnings during April 2020: $500 Ben Inc. - Chart of accounts Assets Liabilities Equity Revenues Expenses 100 Cash 200 Accounts payable 300 Share 400 Service capital revenue 500 Salaries expense Accounts Office 105 receivable 202 Salaries 305 Retained 410 Sales payable earnings Revenue 503 supplies expense Office Unearned 110 Supplies 203 service 310 Dividends 504 Depreciation revenue expense 111 Prepaid insurance 205 Bank loan 330 Income 505 Insurance summary expense 112 Laptop 210 Interest 510 Interest payable expense 113 Accumulated depreciation 520 Rent expense 120 Software Cost of sale - inventory 530 Software 131 Prepaid rent