Test: Quick Test-Chapter 05 This Question: 2 pts Enic's Powersports uses the (perpetual) LIFO inventory methiod Enc's Powersports started December with 8 helimets that cos 1. The December 19 purchase of inventory was on account 2. The December 28 sale of inventory was on account Eric's Powersports sold each helmet for $97 Prepare the required journal entries for the purchase and sale of inventory (Record debits first, then credts Exclude explanat 1. Prepare the jounal entry for the purchase of inventory on account December 19 Enic's Powersports bought 13 helmets at $59 each Journal Entry Date Accounts Debit Credit Dec 19 59 Accounts payable Accounts receivable Cash Cost of goods sold 2. Prepare the joune Begin by journalizing Equipment December 28 Enc's Sales revenue Inventory rts soild each helmet for $97 (Do not jounalize the cost rolate Suppies Supplies expense Date Debit Credit 28 Choose from any list or enter anvy number in the input fields and then continue to the next question Type here to search