Dineshbhai Required InformationUse the following information for the Exercises 3-7 below. (Algo)[The following information applies to the questions displayed below.]Laker Company reported the following January purchases and sales data for its only product. The Company uses aperpetual inventory system. For specific identification, ending inventory consists of 370 units from the January 30purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory.DateJanuary 1January 10January 28January 25January 30View transaction EctActivitiesBeginning inventorySalesPurchaseSalesPurchaseTotalsJournal entry worksheet1 2 3 4 5 6Record the sale of goods.Note: Enter debits before credits.DateJanuary 10Record entryGeneral JournalUnits Acquired at Cost@ $ 14.50 -@$ 13.50 -Clear entry228 units178 units378 units760 unitsExercise 5-4 (Algo) Perpetual: Journalizing transactions LO P1Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses aperpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered.$ 13.00-Debit$ 3,190Credit2,2954,818$ 18,295Units sold at RetailView general Journal178 units208 units378 units@$ 23.50$ 23.50

Name: Dineshbhai Required InformationUse the following information for the E
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Description: Dineshbhai Required InformationUse the following information for the Exercises 3-7 below. (Algo)[The following information applies to the questions displayed below.]Laker Company reported the following January purchases and sales data for its only pr