K i Saved Help Save & Exit Submit Check my work Required information (The following information applies to the questions displayed below.) Kangaroo Jim Company reported beginning inventory of 400 units at a per unit cost of $25. It had the following purchase and sales transactions during the year: January 14 Sold 320 units at unit sales price of $45 on account. April 9 Purchased 310 additional units at a per unit cost of $25 on account. September 2 Sold 290 units at a sales price of $50 on account. December 31 Counted inventory and determined 100 units were still on hand. Required: b. Record each transaction, assuming that Kangaroo Jim Company uses a periodic inventory system. (If no entry is requi for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 January 14 Accounts Receivable 14,400 Sales Revenue 14,400 Ch 6 HWK Saved 11 Required information 2 3 4 5 6 Part 2 of 2 Record the cost of goods sold, if needed, for the sale of 320 units at $45 on account. 0.5 points Note: Enter debits before credits. eBook Date General Journal Debit Credit Hint January 14 Cash Print Cash References Record entry Clear entry View general journal 11 Required information 3 4 5 6 2 of 2 Record the purchase of 310 additional units at a per unit cost of $25 on account. Note: Enter debits before credits. ook Debit General Journal Date Credit int April 09 int ences Record entry Clear entry View general journal Required information 1 2 3 5 6 Record the sale of 290 units at $50 on account. Note: Enter debits before credits. Debit General Journal Date Credit September 02 Record entry Clear entry View general journal Required information 2 3 4 6 2 Record the cost of goods sold, if needed, for the sale of 290 units at $50 on account. Note: Enter debits before credits. Date General Journal Debit Credit September 02 Es Record entry Clear entry View general journal Required information 2 3 4 5 of 2 Record the end of period adjustment, if needed, to determine the amount of cost of goods sold. Note: Enter debits before credits. ok Date General Journal Debit Credit December 31 ces Record entry Clear entry View general journal