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

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.

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