Just 8 please

18 words Performance Bike sells mountain bikes, sold with or without maintenance service for 5 years. The price of the bike with the maintenance service is $6,000. Sold separately, the maintenance contract is $500 and the bike is $5,750. The bikes cost the company $1,000 Use this information to answer the following 2 questions. Question 7 8 pts Part a. On January 1, one specialized bike with the maintenance service is sold for cash. Record the journal entries HTML Editore BIVA-A-I EX3x XEE I. SVOBOT 12pt Paragraph MacBook Air 3 pts Question 8 Part b. On December 31, record the journal entry for one year of the maintenance service. HTML Editor BIVA . LEI 3 . x X, EE BeS 12pt Paragraph I O words words Question 9 Janice Corp. uses a perpetual inventory system. The following activities occurred during May 12 pts May 2 - Janice purchased $45.000 worth of inventory account May 10 - Janice paid for the inventory. May 12 - Sold the entire inventory to a customer on account for $50,000 MacBook Air