On October 1, Carol's Bicycle Store had an inventory of 20 ten-speed bicycles at a cost of $500 each. During the month of October, the following transactions occurred. Oct. 4 Purchased 40 bicycles at a cost of $500 each from Lamont Bicycle Company, terms 1/10, n/30. 6 Sold 20 bicycles to Team Minnesota for $570 each, terms 2/10, n/30. 7 Received credit from Lamont Bicycle Company for the return of 2 defective bicycles. 13 Issued a credit memo to Team Minnesota for the return of a defective bicycle. 14 Paid Lamont Bicycle Company in full, less discount Prepare the journal entries to record the transactions assuming the company uses a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)