The provided documents describe two business transactions.

$($i$)($Click the icon to view the invoice.$)($i$)($Click the icon to view the debit memo.$)$

Eddie's Bicycle Shop paid the balance due on March $21.$

Both Eddie's Bicycle Shop and Schwinn Company use a perpetual inventory system.

Schwinn Company's cost of the bicycles sold to Eddie's Bicycle Shop was $$1,280.$ Schwinn Company's cost of the returned merchandise was $$256.$

Required

Debit Memo

Requirement $2.$ Record what the books of Schwinn Company, which makes and sells bicycles, would record. $($Record deb

amounts to the nearest whole dollar.$)$

March $14$: Schwinn Company sells bicycles to Eddie's Bicycle Shop.

First record the sale on March $14.$