Keira's Sports uses the perpetual) LIFO inventory method. Keira's Sports started July with 5 helmets that cost $57 each. On July 19, Keira's Sports bought 15 helmets at $55 each. On July 28, Keira's 1. The July 19 purchase of inventory was on account. 2. The July 28 sale of inventory was on account. Keira's Sports sold each helmet for $95. Prepare the required journal entries for the purchase and sale of inventory. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Prepare the journal entry for the purchase of inventory on account. July 19: Keira's Sports bought 15 helmets at $55 each. Journal Entry Accounts Date Debit Credit Jul 19 2. Prepare the journal entry for the sale of inventory on account. Begin by journalizing the revenue portion of the sale. July 28: Keira's Sports sold 6 helmets. Keira's Sports sold each helmet for $95. (Do not journalize the cost related to the sale yet. We will do this in the next journal entry) Journal Entry Accounts Debit Credit Date 28 Jul Now journalize the cost of the sale on the 28th under the LIFO method. July 28: Keira's Sports sold 6 helmets. Journal Entry Accounts Debit Credit Date 28 Jul