View Policies Current Attempt in Progress On October 1, the Carla Vista Bicycle Store had an inventory of 28 electric bicycles at a cost of $161 each. During the month of October, the following transactions occurred. Assume Carla Vista uses a perpetual inventory system. Oct. 4 Purchased 198 bicycles at a cost of $156 each from the Ace Bicycle Company, terms 2/10, n/30. 5 Paid freight of $1,000 on the October 4 purchase. 6 Sold 18 bicycles from the October 1 inventory to Team America for $320 each, terms 2/10, n/30. 7 Received credit from the Ace Bicycle Company for the return of 26 defective bicycles. 13 Issued a credit memo to Team America for the return of a bicycle. 14 Paid Ace Bicycle Company in full, less discount. Prepare the journal entries to record the transactions assuming the company uses a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Q Search Debit Credit 00 435 P 4/12/202 (To record credit sale) (To record cost of goods sold) (To record credit granted for returned goods) (To record credit granted for returned goods) (To record cost of goods returned)