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 Dougs Bicycle for $1,500 each, terms 1/15, n/30. Terms FOB destination. 7 Received credit from the Lyons Bike Company for the return of 2 defective bikes. 13 Issued a credit to Dougs 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 Dougs Bicycle paid their account in full 24 Paid Lyons Bike Company.

Part A: Journalize the above transactions

Part B: Calculate the balance of inventory at October 31, assuming the opening balance is $5,000

Part C: 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.