The following documents describe two business transactions:

Use the general journal to record these transactions and Tailwind's cash payment on March 21. Record the transactions first on the books of Tailwind Bicycle Shop and, second, on the books of Schwinn Company, which makes and sells bicycles. Both Tailwind and Schwinn use a perpetual inventory system as illustrated in Chapter 5 . Schwinn's cost of the bicycles sold to Tailwind was \(\$ 400\). Schwinn's cost of the returned merchandise was \(\$ 80\). Round to the nearest dollar. Explanations are not required. Set up your answer in the following format:

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Date: Sold to: Sold by: Invoice March 14, 19X0 Tailwind Bicycle Shop Schwinn Company Date: Debit Memo March 20, 19X0 Issued to: Schwinn Company Issued by: Tailwind Bicycle Shop Terms: 2/10 n/30 Items Purchased Bicycles Items Returned Bicycles Quantity Price Total Quantity Price Total 4 $95 $380 $95 $ 95 2 70 140 70 70 5 60 300 Total $165 Total $820 Reason: Wrong sizes