o bicycles for $10 Here is Odested May with 15 test bow On May 1, Harbought 25 beyles attach On May. H Remonts 1. Papere Hercule yde's para very recording the connec tion t 2 m a y purchase of merchandisinventory a nd the way of d oor ons o Aut od 10 best 575ch Drycles that c an e ch s that cost $75 and 11 Bicycles a t s consentered into a poco Requirement 1. Prepare Orwerpetual recording the company is the d ation or coming method Assunta Hercul Start by wing the beginning way s in vogal ing new wory on hand to w i n. One of the cal the quantity and cost of or purchased and at the end of the prodh ime t O y Hercula Cycles Cost of G old OTY Unt Control Cast ry Coat Toko OTY W Coat Toto o what Reginamo t May 1 chosema chase ry Choose from any wary number in the instand tha t on Hercula Cycles started May with 15 bicycles that cost $75 each. On May 16, Hercula bought 25 bicycles at $91 each. On May 31, Hercula se Requirements 1. Prepare Hercula Cycle's perpetual inventory record assuming the company uses the specific identification inventory costing method. 2. Journalize the May 16 purchase of merchandise inventory on account and the May 31 sale of merchandise inventory on account. S Date Accounts and Explanation Debit Credit May May 31: Sale of merchandise inventory on account. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the Accounts and Explanation Debit Credit Now journalize the expense related to the May 31 sale. Review the perpetual inventory record you prepared in Requiremer Date Accounts and Explanation May 31 Credit Choose from any list or enter any number in the input fields and then continue to the next question 1. Prepare Hercula Yuus perpetual VI TUUU U U U Upung Journalize the May 16 purchase of merchandise inventory on account and the May 31 sale of merchandise inventor 2. May 31: Sale of merchandise inventory on account Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. W Date Accounts and Explanation Debit Credit May 31 Now journalize the expense related to the May 31 sale. Review the perpetual inventory record you prepared in Requiremen Accounts and Explanation May Date Credit Choose from any list or enter any number in the input fields and then continue to the next question. o bicycles for $10 Here is Odested May with 15 test bow On May 1, Harbought 25 beyles attach On May. H Remonts 1. Papere Hercule yde's para very recording the connec tion t 2 m a y purchase of merchandisinventory a nd the way of d oor ons o Aut od 10 best 575ch Drycles that c an e ch s that cost $75 and 11 Bicycles a t s consentered into a poco Requirement 1. Prepare Orwerpetual recording the company is the d ation or coming method Assunta Hercul Start by wing the beginning way s in vogal ing new wory on hand to w i n. One of the cal the quantity and cost of or purchased and at the end of the prodh ime t O y Hercula Cycles Cost of G old OTY Unt Control Cast ry Coat Toko OTY W Coat Toto o what Reginamo t May 1 chosema chase ry Choose from any wary number in the instand tha t on Hercula Cycles started May with 15 bicycles that cost $75 each. On May 16, Hercula bought 25 bicycles at $91 each. On May 31, Hercula se Requirements 1. Prepare Hercula Cycle's perpetual inventory record assuming the company uses the specific identification inventory costing method. 2. Journalize the May 16 purchase of merchandise inventory on account and the May 31 sale of merchandise inventory on account. S Date Accounts and Explanation Debit Credit May May 31: Sale of merchandise inventory on account. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the Accounts and Explanation Debit Credit Now journalize the expense related to the May 31 sale. Review the perpetual inventory record you prepared in Requiremer Date Accounts and Explanation May 31 Credit Choose from any list or enter any number in the input fields and then continue to the next question 1. Prepare Hercula Yuus perpetual VI TUUU U U U Upung Journalize the May 16 purchase of merchandise inventory on account and the May 31 sale of merchandise inventor 2. May 31: Sale of merchandise inventory on account Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. W Date Accounts and Explanation Debit Credit May 31 Now journalize the expense related to the May 31 sale. Review the perpetual inventory record you prepared in Requiremen Accounts and Explanation May Date Credit Choose from any list or enter any number in the input fields and then continue to the next