Pedal City, a bike shop, opened for business on April 1. It uses a periodic inventory system. The following transactions occurred during the first month of business: Identify and analyze each of the following transactions of Pedal City. Assets = Liabilities + Equity Revenues Expenses = Income Same thing for the following April 10: Paid for the April 1 purchase. April 15: Sold one unit for $200 cash. April 18: Purchased ten units from Bush Enterprises for $900 total, with terms 3/10, n/30, FOB destination. April 25: Sold three units for $200 each, cash. April 28: Paid for the April 18 purchase.