c) Prepare journal entries to record the following (assuming all sales and purchases are for cash): (a) The purchase on March 31, (b) The sale on October 21. Enter the transaction letter as thedescription when preparing a journal entry. When a transaction requires two separate joumal entries, use the same letter for both descriptions. Dates must be entered in the format ddimmm (ie. 15/Jan).Page GJEDate1General JournalAccoun/ExplanationDebit Credit The Stake Technology Inc. company has the following purchases and sales during the year ended December 31, 2014.SalesMarch 5: 110 unitsOctober 21: 200 unitsInventory and PurchasesBeginning: 210 units @ $15/unitMarch 31: 150 units @ $16/unitJuly 13: 250 units @ $17/unitThe units have a selling price of $20.00 per unit.a) Given that Stake Technology Inc. employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units available for sale, as well as the units remaining inending inventory.Cost of goods available for sale:Units available for sale:Units remaining in ending inventory:b) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit eamed by Stake Technology Inc. using the weighted average system.Calculate weighted average cost per unit of merchandise inventory to the nearest centCost of Goods SoldEnding InventoryGross Profit9,800610210WeightedAverage

Name: c) Prepare journal entries to record the following (assuming all sale
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Description: c) Prepare journal entries to record the following (assuming all sales and purchases are for cash): (a) The purchase on March 31, (b) The sale on October 21. Enter the transaction letter as thedescription when preparing a journal entry. When a trans