Part 1: Record the following transactions for Cougar Trike Bikes for the month of December in the General Journal. Record transactions under the perpetual net sales and gross purchase method. Date Description ransaction Purchased 30 Trike Bikes from Move Me Trikes for $30,000 on account. Terms were FOB shipping point 2/15 net 30 Paid Freight bill of S110 on purchase of Inventory on 12/1 12/1 12/1 12/1 Borrowed $10,000 on a 6 month note at 6% interest maturing on May 31st, 2020 to pay for future purchase of custom trimming machine 12/5 4 Purchased $3,500 of supplies on account. Returned 1 Trike Bike to Move Me Trikes-that cost $1,000 due to paint defects Sold 5 Trikes to Johnson Bikes for $9,000 on account that cost S5,000. Terms FOB shipping point 3/15 net 30 on a one-year warranty, Warranty adjustments are made at the end of the year Made payment to Move Me Trikes for goods purchased on December 1st less returns and discount 12/6 12/7 Wrote off the uncollectible $1,500 account receivable from previous sale to Jacks Cycle that was previously accrued in allowance account. 12/14 Paid employee salaries accrued at the end of November totaling $1,200 12/15 10 12/17Johnson Bikes returned a $1,800 Trike sold on 12/7 that cost $1,000 Received payment from Johnson Bikes for purchase on 12/7 less 12/20 returns Sold 2 Trike Bikes to Bill's Bikes for $3,400 cash. The Trikes cost 12 12/25 $1,000 each Customer paid $600 deposit for future purchase of custom designed The company was notified of a lawsuit concerning safety measures would have to pay from $6,000 to $8,000 in 2021 13 227Trike to be delivered in January 14 12/30The company lawyers determined it was probable the company General Journal Part 1 Debit Ref #| Date |Account Credit 12/1 12/1 12/1 12/5 4 12/6 12/7 12/7 12/12 2/14 General Journal Part 1 Continued Credit Ref #1 Date |Account Debit 12/15 10 12/20 12/25 12 12/25 12/27 13 12/30 14 Part 2 T-accounts start on page 12 Part 3 Trial Balance on page 7 General Journal - Adjusting Entries Part 4 Ref#| Date | Debit Credit Account 12/31 2/31 A 2 12/31 12/31 A. 4 12/31 A. 5 Part 3 Cougar Trike Bikes Trial Balance December 31,2019 Debit Credit Account Total 153,50 153,500