Question: Use the Mountain Cycles data in Short Exercise 6-5. Requirements 1. Journalize the August 16 purchase of inventory on account. 2. Journalize the August 31

Use the Mountain Cycles data in Short Exercise 6-5.
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 average cost on August 31.
S6-9 Comparing Cost of goods sold under FIFO, LIFO, and average cost

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