On October 1, the Oriole Bicycle Store had an inventory of 28 electric bicycles at a cost of $157 each. During the month of October, the following transactions occurred. Assume Oriole uses a perpetual inventory system. Oct. 4 Purchased 197 bicycles at a cost of $150 each from the Ace Bicycle Company, terms 2/10, n/30. 5 Paid freight of $1,000 on the October 4 purchase. 6 Sold 18 bicycles from the October 1 inventory to Team America for $280 each, terms 2/10, n/30. 7 Received credit from the Ace Bicycle Company for the return of 25 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. Prepare the journal entries to record the transactions assuming the company uses 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. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of goods sold) (To record credit sale) (To record cost of goods sold) (To record credit granted for returned goods) (To record cost of goods returned)