On October 1, the Sheridan Bicycle Store had an inventory of 29 ten speed bicycles at a cost of $158 each. During the month of October, the following transactions occurred. Assume Sheridan uses a perpetual inventory system.

Oct. 4 Purchased 195 bicycles at a cost of $150 each from the Nixon Bicycle Company, terms 2/10, n/30.

Oct 5 Paid freight of $900 on the October 4 purchase.

Oct 6 Sold 19 bicycles from the October 1 inventory to Team America for $350 each, terms 2/10, n/30.

Oct 7 Received credit from the Nixon Bicycle Company for the return of 23 defective bicycles.

Oct 13 Issued a credit memo to Team America for the return of a defective bicycle.

Oct 14 Paid Nixon 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. Round answers to 0 decimal places, e.g. 2,520. Record journal entries in the order presented in the problem.)