Module 3 Working Problems 2 Part 2 of 3 4.11 points Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 January 10 Activities Beginning inventory eBook January 20 January 25 January 30 Sales Purchase Sales Purchase Totals Print References 140 units Units Acquired at Cost @ $ 6.00- $ 840 100 units Units sold at Retail @ $15 60 units $ 5.00 = 300 80 units @ $15 180 units 380 units $ 4.50 - 810 $ 1,950 180 units Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the sale of goods. Note: Enter debits before credits. Date January 10 General Journal Debit Credit View general journal Record entry Clear entry Saved