2. On October 1, Benji's Bicycle Store had an inventory of 20 ten speed bicycles at a cost of $200 each. During the month of October, the following transactions occurred. Oct. 4 1/10,n/30. Purchased 40 bicycles at a cost of $200 each from Monrue Bicycle Company, terms 6 7 Sold 25 bicycles to Team Wisconsin for $330 each, terms 2/10, n/30. Received credit from Monrue Bicycle Company for the return of 2 defective bicycles. Issued a credit memo to Team Wisconsin for the return of a defective bicycle. Paid Monroe Bicycle Company in full, less discount. 13 14 Instructions Prepare the journal entries to record the transactions assuming the company uses a perpetual inventory system