On October 1, the Sunland Bicycle Store had an inventory of 27 ten speed bicycles at a cost of $159 each. During the month of October, the following transactions occurred. Assume Sunland uses a perpetual inventory system. Oct. 4 Purchased 191 bicycles at a cost of $150 each from the Nixon Bicycle Company, terms 2/10, 1/30. 5 Paid freight of $1,000 on the October 4 purchase. 6 Sold 17 bicycles from the October 1 inventory to Team America for $310 each, terms 2/10, 1/30 7 Received credit from the Nixon Bicycle Company for the return of 19 defective bicycles 13 Issued a credit memo to Team America for the return of a defective bicycle 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 decimal places, e.g. 2,520. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Oct. 4 4 Oct. 5 Oct. 6 (To record credit sale) 4 (To record cost of good sold) (To record credit granted for returned goods) Oct. 13 (To record cost of good returned) Oct. 14