1. Prepare the journal entries that would be recorded using a periodic inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Required information [The following information applies to the questions displayed be/ow.] Frigid Supplies reported beginning inventory of 200 units, for a total cost of $2,000. The company had the following transactions during the month: January3Sold20unitsonaccountatasellingpriceof$15perunit. January 3 Sold 20 units on account at a selling price of $15 per unit. January 6 Bought 30 units on account at a cost of $10 per unit. January Sold 30 units on account at a selling price of $15 16 per unit. January Sold 20 units on account at a selling price of $20 19 per unit. January Bought 10 units on account at a cost of $10 per 26 unit. January Counted inventory and determined that 160 units 31 were on hand. 1 Sold 20 units on account at a selling price of $15 per unit. 2 Bought 30 units on account at a cost of $10 per unit. 3 Sold 30 units on account at a selling price of $15 per unit. 4 Sold 20 units on account at a selling price of $20 per unit. 5 Bought 10 units on account at a cost of $10 per unit. 6 Record the end of period adjustment to determine the amount of cost of goods sold, including any "book-tophvsical" adiustment that miaht be needed. Journal entry worksheet Sold 20 units on account at a selling price of $15 per unit. Note: Enter debits before credits. Journal entry worksheet 6 Bought 30 units on account at a cost of $10 per unit. Note: Enter debits before credits. Journal entry worksheet Sold 30 units on account at a selling price of $15 per unit. Note: Enter debits before credits. Journal entry worksheet