: JC Bikes has the following transactions during May.

May 2	Purchases bikes on account from Bikers R Us Wholesale for $3,300, terms 1/10, n/30.
May 3	Pays cash for freight costs of $200 on bikes purchased from BRU.
May 5	Returns bikes with a cost of $400 to BRU because part of the order is incorrect.
May 10	Pays the full amount due to BRU.
May 30	Sells all Bikes purchased on May 2 (less those returned on May 5) for $4,000 on account.

Required:

1.

Record the transactions of JC Bikes, assuming the company uses a perpetual inventory system.

Date	Account	Debit	Credit

2.

Assume that payment to BRU is made on May 24 instead of May 10. Record this payment.

Date	Account	Debit	Credit