Exercise 228 On October 1, the Wildhorse Bicycle Store had an inventory of 23 ten speed bicycles at a cost of $157 each. During the month of October, the following transactions occurred. Assume Wildhorse uses a perpetual inventory system Oct 4 Purchased 196 bicycles at a cost of $150 each from the Nixon Bicycle Company, terms 2/10, 1/30 5 Paid freight of $900 on the October 4 purchase 6 Sold 13 bicycles from the October 1 inventory to Team America for $250 each, terms 2/10, 1/30 7 Received credit from the Nixon Bicycle Company for the return of 24 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 journal entries to record the transactions assuming the company uses a perpetuat inventory system. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Round answers to decimal places, e.g. 2.520. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sale)