Keiler Motorcycle Shop completed the following transactions during the month of October. Keiler uses a perpetual inventory system. Any freight paid was paid with cash. Oct. 3 Purchased 20 bikes at a cost of $1,150 each from the Lyons Bike Company, under credit terms 1/30, n/45. FOB shipping point. 4 The correct company paid $150 cash freight for above shipment 6 Sold 10 bikes to Doug's Bicycle for $1,500 each, terms 1/15, n/30. Terms FOB destination Note: There are a total of 9 pages, including the cover page Page 4 of 9 7 Received credit from the Lyons Bike Company for the return of 2 defective bikes 13 Issued a credit to Doug's Bicycle for the return of one bike from Oct 6 sale. 17 Purchased with cash Office Supplies from the Office Depot in the amount of $200 20 Doug's Bicycle paid their account in full 24 Paid Lyons Bike Company Required: Part A: (16 Marks) Journalize the above transactions Part B: (4 Marks) Calculate the balance of inventory at October 31, assuming the opening balance is $5,000 Part C: (2 Mark) Identify one transaction that would be recorded differently if Keiler used a periodic inventory system. Record that entry as if Keiler uses a periodic inventory system. Date Account Titles and Explanation (optional) Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 PART B PARTC