Question: help please Innovation Cycles started August with 15 bicycles that cost $54 each. On August 16. Innovation bought 30 bicycles at $78 each On August

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Innovation Cycles started August with 15 bicycles that cost $54 each. On August 16. Innovation bought 30 bicycles at $78 each On August 31, Innovation sold 23 bicycles for $97 e Requirements 1. Prepare Innovation Cycle's perpetual inventory record assuming the company uses the weighted average inventory costing method 2. Journalize the August 16 purchase of merchandise inventory on account and the August 31 sale of merchandise inventory on account. August 16: Purchased merchandise inventory on account. Date Accounts and Explanation Aug 16 Debit Credit Choose from any list or enter any number in the input fields and then continue to the next
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