Problem Two: JC Bikes has the following transactions during May 1. Analyze and record the transactions of JC Bikes, assuring the company uses a perpetual inventory system. May 2 Purchases bikes on account from Bikers R Us Wholesale for $3,300, terms 1/10, n/30. L SE E NI CF DR Account CR May 3 Pays cash for freight costs of $200 on bikes purchased from BRU. AL R E NI CF Account SE DR CR May 5 Returns bikes with a cost of $400 to BRU because part of the order is incorrect. A L SE R E NI CF Account DR CR May 10 Pays the full amount due to BRU. A L SE R E NI OF Account DR CR May 30 Sells all Bikes purchased on May 2 (less those returned on May 5) for $4,000 on account. LSE E NI CF Account CR OR 2. Assume that payment to BRU is made on May 24 instead of May 10. Record this payment L SE E CR NI DR CF Account