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On April 5, a customer returns 16 bicydes with a sales price of $280 per bike to Barrio Bikes. Each cost Barrio Bikes $150. The

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On April 5, a customer returns 16 bicydes with a sales price of $280 per bike to Barrio Bikes. Each cost Barrio Bikes $150. The customer had yet to pay on their account. The beswein sellable condition. Assume the perpetual and periodic methods are used. A. Prepare the journal entries to recognize this return it the company uses the perpetual inventory system. If an amount box does not require an entry, leave it blank Apr 5 Sales return Apt. 5 Cost of inventory returned 1. Prepare the journal entry to recognize this return the company uses the periodic Inventory wstem.outbox does not require an entry leave it

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