Part 1: Record the following transactions for Cougar Tike Bikes for the month of December in the General Joumal Record transactions under the perpetual net sales and gross purchase ansactionDescription 12/1 12/1 Purchased 40 Trike Bikes from Move Me Trikes for $40.000 on account. Terms were net 30 FOB shipping point 2/15 Paid Freight bill of $90 on purchase of Inventory on 12/1 Borowed $12,000 on a 6 month note at 10% interest maturing on 12/1May 30,2019 to pay for future purchase of custom trimming 12/5Purchased $4,500 of supplies on account. Retumed 1 Trke Bike to Move Me Trkes-that cost $1,000 due to 12/7 paint defects. Sold 5 Trikes to Johnson Bikes for $7,500 on account Tems were 12/7 FOB shipping point 3/15 net 30. The Tikes sold cost $5,000. Made payment to Move Me Trkes for goods purchased on December Wrote off the uncollectible $1,800 account receivable from Jacks 12/12 12/14 12/15 1.100. 12/17 | (emember to deduct the 3% sales discount on the return). Estimated 1 less returns and discount Cycle. Paid employee salaries accrued at the end of November totaling ohnson Bikes retumed a $1,500 Tike sold on 12/7 that cost $1.000 Refimds were accrued at the end of last vear Received payment fromJohnson Bikes for purchase on 12/7 less Sold 2 Trike Bikes to Bill's Bilkes for $2,800 cash The Trikes cost 10 12 12/25 1,000 each Customer paid $500 deposit for future purchase of custom designed 13 12/27 Trke to be delivered in January The company was notified of a lawsuit conc ceming safety measures. 14 12/30 The company lawyers determined it was probable the company wonld have to