EAS. LO 6.2 On April 5, a customer returns 20 bicycles with a sales price of $250 per bike to Barrio Bikes. Each bike cost Barrio Bikes $100. The customer had yet to pay on their account. The bikes are in sellable condition. Prepare the journal entry or entries to recognize this return if the company uses A. the perpetual inventory system B. the periodic inventory system EA. LO 6.5 Review the following situations and record any necessary journal entries for Mequon's Boutique May 10 Mequon's Boutique purchases $2,400 worth of merchandise with cash from a manufacturer. Shipping charges are an extra $130 cash. Terms of the purchase are FOB Shipping Point May 14 Mequon's Boutique sells $3,000 worth of merchandise to a customer who pays with cash. The merchandise has a cost to Mequon's of S1,750. Shipping charges are an extra $150 cash. Terms of the sale are FOB Shipping Point