Complete the following problems Chart of accounts: Cash, Accounts Receivable, Supplies, Merchandise Inventory: unated Returns Inventory. Equipment. Accumulated Depreciation. Accounts Payan Refunds Payable, Common Stock, Retained Earnings. Sales Revenue, Sales Discount Forfeited, Cost of Goods Sold, Salary Expense, Rent Expense, Depreciation Expense 1. The following transactions occurred during the month of October for the U Ride It Bicycle Shop. Prepare the journal entries to record the transactions assuming the company uses a perpetual inventory system. (3 points each) Oct 4 Purchased 25 bicycles at a cost of $150 each from the Wheels Bicycle Company on account. Oct 6 Sold 12 bicycles to Olympia Company for $250 each on account. (cost of bicycles sold $150 each) Oct 8 Received credit from the Wheels Bicycle Company for the return of 1 defective bicycle Oct 23 Received full payment from Olympia Company Oct 31 Paid Wheels Bicycle Company in full Oct 31 Purchased 15 bicycles at a cost of $160 each from the Wheels Bicycle Company for cash