please help me solve these 3 accounting problems. Show all images Show all images Show all images done loading Salem Sportwears uses the (perpetual) LIFO

please help me solve these $3$ accounting problems.

Salem Sportwears uses the (perpetual) LIFO inventory method. Salem Sportwears started July with 4 helmets that cost $50 each. On July 19, Salem Sportwears bought 14 helmets at $52 each. On July 28, Salem Sportwears sold 5 helmets. 1. The July 19 purchase of inventory was on account. 2. The July 28 sale of inventory was on account. Salem Sportwears sold each helmet for $97. 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: Salem Sportwears bought 14 helmets at $52 each. Jul Date 19 Journal Entry Accounts Inventory Accounts payable Debit 728 Credit 728 2. Prepare the journal entry for the sale of inventory on account. Begin by journalizing the revenue portion of the sale. July 28: Salem Sportwears sold 5 helmets. Salem Sportwears sold each helmet for $97. (Do not journalize the cost related to the sale yet. We will do this in the next journal entry.)