Prepare journal entries to record the following transactions assuming the company uses a perpetual inventory system. omit explanations.

on october 1st, taylor bicycle store had an inventory of 20 ten speed bicycles at a cost of $200 each. during the month of october, the followijg transactions occured:

458.000 attach File 458.000 Be Corte Coleco Browse My Compute QUESTION 2 Test 2 Roblem 2 QuaLager and around Using the attached template prepare journal entries to record the following transactions assuming the company uses a perpetual inventory system. Omit explanations On October 1, Taylor Bicycle Store had an inventory of 20 ten speed bicycles a cost of $200 each. During the month of October, the following transactions occurred: dict. 4 Purchased 40 bicycles at a total cost of $8,000 from Mann Bycle Company terms 2/10 V3. Sold 18 bicycles to Team America for $5,400, terms 2/10, 1/30. The cost of the bicycles was $3,600 Received a 5600 credit from Mann Bicycle Company for the return of 3 defective bicycles. 12 Issued a $300 credit memo to Team America for the return bicycle. The bicycle is in usable condition and will be returned to stock. The cost of the returned bicycle is $200. 14 Pald Mann Bicycle Company the total amount owed after the return and any discount allowed. 15 Sold 10 bicycles to Cyclists of Ohio for 53.000. Terms 1/10.30. The cost of the bicycles was $2.000 25 Received payment in full less any applicable discount from cyclists of Ohio. 29 Received payment in full less any applicable discount from Team Amenica Using the Taccount form on the attached template enter Taylor's Inventory balance at the beginning of October and the other transactions that affect the account Calculate and show the balance at the end of Attach File Browse My Comput Content Color QUESTIONS Testem3.docx The following information is available from Jones, Inc.'s inventory record for Product Unit Cost January 1, 2020 beginning inventory 2.400 $10.00 purchases: January 5, 2020 520.00 January 25, 2030 Click Save and submitte wandbild sow All Alam Type here to search DELL