Required information Problem 6-6A Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value (L06-2, 6-3, 6-4, 6-5, 6-6) [The following information applies to the questions displayed below) At the beginning of October, Bowser Co's Inventory consists of 61 units with a cost per unit of $39. The following transactions occur during the month of October October 4 Purchase 119 units of inventory on account from Waluigi Co. for $58 per unit, teres 2/10, n/30. October 5 Pay cash for freight charges related to the October 4 purchase, $728. October 9 Return 15 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full. October 15 Sell 149 units of inventory to customers on account, $11,920. (Hint: The cost of units sold from the October 4 purchase includes $58 unit cost plus $7 per unit for freight less $1 per unit for the purchase discount, or $56 per unit.) October 19 Receive full payment from customers related to the sale on October 15. October 2e Purchase 89 units of inventory from Waluigi Co. for $59 per unit, terms 3/10, 1/30 October 22 Sell 89 units of inventory to customers for cash, 57,120. (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on October 28.) Problem 6-6A Part 1 Required: 1. Assuming that Bowser Co. uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Debit Credit Date General Journal October 15 Accounts Receivable Sales Revenue 11,920 11,920 Journal entry worksheet Record the cost of inventory sold. Note: Enter debits before credits. ho Debit Credit Date General Journal October 15 Cost of Goods Sold 7131 Journal entry worksheet 1 2 3 5 8 10 Record purchase of 89 units of inventory from Waluigi Co. for $59 per unit, terms 3/10, n/30. Note: Enter debits before credits, Date General Journal Debit Credit Record the cost of inventory sold. Note: Enter debits before credits