Use the Mountain Cycles data in Short Exercise 6-4. Requirements 1. Journalize the August 16 purchase of

Question:

Use the Mountain Cycles data in Short Exercise 6-4.
Requirements
1. Journalize the August 16 purchase of inventory on account.
2. Journalize the August 31 sale of inventory on account. Mountain sold each bicycle for $84.
3. Journalize the Cost of goods sold under LIFO on August 31.