Using the FIFO method and also the journal entries

Donton Consulting performs systems consulting and has the following post-closing balances at December 31 During Januar 2016 Click the icon to view the post-closing balances The company has also begun selling accounting software and uses the perpetual inventory system to account for software inventory. Read the regu Purchases Cost of Goods Sold Inventory on Hand Units Total Units Total Uni Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 7 18 18 1710 1080 Totals Choose from any list or enter any number in the input fields and then continue to the next question. More Info Jan. Completed a consulting engagement and received cash of $7.700. 2 Prepaid three months office rent, $6,300. 7 Purchased 95 units software inventory on account, $1.660, plus freight in, $60. 18 Sold 60 software units on account, $5.400. 19 Consulted with a client for a fee of $2,000 on account. 20 Paid employee salaries, $2,100, which includes accrued salaries from December 21 Paid on account, $1,760. 22 Purchased 230 units software inventory on account, S6210. 24 Paid utilities, $350. 28 Sold 100 units software for cash, $6,000. 31 Recorded the following adjusting entries: a. Accrued salaries expense, $700 b. Depreciation on Equipment, $35; Depreciation on Fumiture, $55 c. Expiration of prepaid rent, S2,100 d. Physical count of software inventory, 160 units Print Done