$($i$)($Click the icon to view the invoice.$)$

$($i$)($Click the icon to view the debit memo.$)$

Eddie's Bicycle Shop paid the balance due on March $21.$

Both Eddie's Bicycle Shop and Schwinn Company use a perpetual inventory system.

Schwinn Company's cost of the bicycles sold to Eddie's Bicycle Shop was $$1,280.$ Schwinn Company's cost of the returned merchandise was $$256.$

Requirement $1.$ Record these transactions and Eddie's cash payment on March $21$ in the books of Eddie's Bicycle Shop. $($Record debits first, then credits. No explanation

Round amounts to the nearest whole dollar.$)$

March $14$: Eddie's Bicycle Shop purchases bicycles from Schwinn Company.

Debit Memo