ersion - Questions - WordPad ent's format. Some content might be missing or displayed improperly. 1 1. 2. 3 4 Question 2: 15 marks - 25 minutes Keiler Motorcycle Shop completed the following transactions during the month of October. Keiler uses a perpetual inventory system. Any freight paid was paid with cash. Oct. 3 Purchased 20 bikes at a cost of $1,150 each from the Lyons Bike Company, under credit terms 2/10, N/45. FOB shipping point. 4 The correct company paid $150 cash freight for above shipment 6 Sold 10 bikes to Doug's Bicycle for $1,500 each, terms n/30. Terms FOB destination. 7 Received credit from the Lyons Bike Company for the return of 2 defective bikes. 13 Issued a credit to Doug's Bicycle for the return of one bike from Oct 6 sale. 25 Doug's Bicycle paid their account in full 27 Paid Lyons Bike Company. Required: Journalize the above transactions. Please place your answer in the related worksheet Q2 in the excel file provided