Part 3 of 3 Points: 5.33 of 8 Save Melrose Cycles uses the moving-weighted average-cost method Melrose started January with six bicycles that cost $350 each On January 16, Melrose bought 24 bicycles at $240 each On January 31, Melrose sold 18 bicycles Use the above data to journalize w a. The January 16 purchase of inventory on account b. The January 31 sale of inventory on account Melrose sold each bicycle for $380 c. Cost of goods sold under the moving-weighted average-cost method Record transaction (a) the January 16 purchase of inventory on account (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit Jan 16 Inventory 5.760 Accounts Payable 5 760 Inc Record transaction (b) the January 31 sale of inventory on account Melrose sold each bicycle for $380 Begin by recording the sale transaction only Journal Entry Date Accounts Debit Credit Jan 6.840 31 Accounts Receivable uses the moving weighted average cost method Melrose started January with six bicycles that cost $350 each On January 16, Melrose bought 24 bicycles at $240 each On January 31, Melrose sold 18 bicycles Use the above data to journalize a. The January 16 purchase of inventory on account b. The January 31 sale of inventory on account Melrose sold each bicycle for $380 c. Cost of goods sold under the moving weighted average cost method SI Record transaction (b), the January 31 sale of inventory on account Melrose sold each bicycle for $380 Begin by recording the sale transaction only Journal Entry Date Accounts Debit Credit Jan 31 Accounts Receivable 6,840 Sales Revenue 6,840 Finally record transaction (C), the cost of goods sold from the sale on January 31 Use the moving-weighted average method (Round average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Journal Entry Date Accounts Debit Credit Jan Jan 31 Accounts Receivable 6,840 Sales Revenue 6,840 Finally, record transaction (c) the cost of goods sold from the sale on January 31 Use the moving weighted average method (Round average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Journal Entry Date Accounts Debit Credit Jan Clear all Check answer Help me solve this Calculator Ask my instructor C amaten