Question: $4-3. Journalizing inventory purchases (Learning Objective 3) 5-10 min. Suppose A-1 Sports purchases $83,000 of sportswear on account from Outdoor Wear, Inc., on December 1,

$4-3. Journalizing inventory purchases (Learning Objective 3) 5-10 min. Suppose A-1 Sports purchases $83,000 of sportswear on account from Outdoor Wear, Inc., on December 1, 2018. Credit terms are 2/10, n/45. A-1 Sports pays Outdoor Wear, Inc., on December 8, 2018. 1. Journalize the transactions for A-1 Sports on December 1, 2018, and December 8, 2018, assuming the "net" method is used. 2. What was the final cost of this inventory for A-1 Sports

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