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Maia's Bike Shop uses the perpetual inventory system and had the following transactions during the month of May: Vay 3 Sold merchandise to a customer

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Maia's Bike Shop uses the perpetual inventory system and had the following transactions during the month of May: Vay 3 Sold merchandise to a customer on credit for $600, terms 2010. n/30. The cost of the merchandise sold was $350. May + Sold merchandise to a customer for cash of $425. The cost of the merchandise was $250. May 6 May 8 Sold merchandise to a customer on credit for $1,300, terms 2/10, 1/30. The cost of the merchandise sold was $750. The customer from May 3 returned merchandise with a selling price of $100. The cost of the merchandise returned was $55. The customer from May 6 paid the full amount due, less any appropriate discounts earned. May 15 May 31 The customer from May 3 paid the full amount due, less any appropriate discounts earned. Prepare the required journal entries that Maia's Bike Shop must make to record these transactions

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