Required information E6-29 (Supplement 6B) Recording Purchases and Sales Using Perpetual and Perlodic Inventory Systems LO 6-S2] The following information applies to the questions displayed below.] Kangaroo Jim Company reported beginning inventory of 100 units at a per unit cost of $25. It had the following purchase and sales transactions during the year Jan. 14 Sold 25 units at unit sales price of $45 on account. Apr Sept. 2 Sold 50 units at a sales price of $50 on account. Dec. 31 Counted inventory and determined 40 units were still on hand. 9 Purchased 15 additional units at a per unit cost of $25 on account. E6-29 Part a Required: a. Record each transaction, assuming that Kangaroo Jim Company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)