Exercise 228 On October 1, the Carla Vista Bicycle Store had an inventory of 21 ten speed bicycles at a cost of $158 each. During the month of October, the following transactions occurred. Assume Carla Vista uses a perpetual Inventory system Oct. 4 Purchased 192 bicycles at a cost of $150 each from the Nixon Bicyde Company, terms 2/10, 1/30. 5 Paid freight of $1,000 on the October 4 purchase. 6 Sold 11 bicycles from the October 1 Inventory to Team America for $320 each, terms 2/10, 1/30 7 Received credit from the Nixon Bicyce Company for the return of 20 defective bicycles 13 Issued a credit memo to Team America for the return of a defective bicycle 14 Pald Nixon Bicycle Company in full, less discount. Prepare the joumal 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. Round answers to decimal places, c.9. 2,520. Record fournal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit . (To record credit sale) (to record cost of good sold) + (To record credit granted for returned goods) (To record cost of good returned)