1, Belon Blicycle Suore had an inventory ofr20 ten speed bicycles at a cost of s200 During the month of Ouctober, the following transactions occurred. Oct. Q. Purchased 30 bicckss at a cost of $190 cach from Kuhn Bicycle Company terms 3/10, n/30. FOB Shipping Point Paid freight related to purchase of October 4-$300 (S10 per bicycle) 6 Sold 25 bicyeles to Team America for $500 cach, terms 2/10, n/30. Cost is $200 each. 7 Received credit of S200 each) from Kuhn Bicycle Company for the return of 2defective bicvcles 14 Paid Kuhn Bicycle Company the amount due. Instructions A.Prepare the journal entries to record the transactions assuming th entries to record the transactions assuming the company uses a perpetual br Pardae 5100 00. 063, (25%0 7 vetern 4 12-5% B.Prepare the joumal entries for the very same transactions, assuming the com pany uses a periodic