On October 1, the Blossom Bicycle Store had an inventory of 20 electric bicycles at a cost of $151 each. During the month of October, the following transactions occurred. Assume Blossom uses a perpetual inventory system.

Oct. 4 Purchased 181 bicycles at a cost of $150 each from the Ace Bicycle Company, terms 2/10,n/30. 5. Paid freight of $900 on the October 4 purchase. 6. Sold 10 bicycles from the October 1 inventory to Team America for $250 each, terms 2/10,n/30. 7 Received credit from the Ace Bicycle Company for the return of 9 defective bicycles. 13 Issued a credit memo to Team America for the return of a bicycle. 14 Paid Ace Bicycle Company in full. less discount. On October 1, the Blossom Bicycle Store had an inventory of 20 electric bicycles at a cost of $151 each. During the month of October, the following transactions occurred. Assume Blossom uses a perpetual inventory system. (To record credit sale) actr (To record cost of goods sold) (To record cledit granted for returned goods) (To iscord cost of goods retumeo)