John's Sporting Goods uses the (perpetual) LIFO inventory method John's Sporting Goods started Auguat with 3 helmets that cost $54 each. On August 19, John's Sporting Goods bought 11 helmets at $56 each. On August 28, John's Sporting Goods sold 4 helmets 1. The Auguat 19 purchase of inventory was on account. 2. The August 28 sale of inventory was on account. John's Sporting Goods sold each helmet for $99 Prepare the requred jurnal erees for the purchase and sale of inventory. (Record debts first. Pen credt. Excudenglanations bomanyanalertnes ) 1. Prepare the joumal entry for the purchase of inventory on account August 19 John's Sporting Goods bought 11 helmets at 556 each Journal Entry Accounts Debit Aug 19 2. Prepare the journal entry for the sale of inventory on account legin by joumalining the revenue portion of the sale 2 Goods sold each hemet for $09. (De not joumalisre the coest related to the sale yet. We will do this in the next joumal eny Jounal Entry Date Accountis Aug 20 Now jounaize the cost of the sale on the 28th under the LIFO method. Choose from any list or enter any number in the input fields and then continue to the next