On October 1, Lance's Bicycle Store had an inventory of 20 ten-speed bicycles at a cost of $350 each. During the month of October, the following transactions occurred. Oct. 4 Purchased 40 bicycles at a cost of $350 each from Lamont Bicycle Company, terms 1/10, n/30. 6 Paid freight on the 10/4 purchase, $400. 7 Received credit from Lamont Bicycle Company for the return of 2 defective bicycles. 14 Paid Lamont Bicycle Company in full, less discount. Prepare the journal entries to record the transactions using a perpetual inventory system. (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.) Date Account Titles and Explanation Debit Credit