! Required information [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Date January 1 Activities Beginning inventory January 3 Sales February 14 February 15 June 30 November 6 November 19 Purchase Sales Purchase Sales Purchase Totals Units Acquired at Cost Units Sold at Retail 40 units @ $2 = $ 80 30 units @ $8 70 units @ $3 = $ 210 60 units @ $8 90 units 20 units 220 units @ $4 = $ 360 @ $5 = $ 100 $ 750 86 units @ $8 176 units 13 Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. 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 7 8 9 Record the sale of goods. Note: Enter debits before credits. Date January 03 General Journal Debit Credit Record entry Clear entry View general journal

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