Prepare journal entries to record the October transactions. Journalize the transactions assuming Connor's Bicycle Store uses Periodic Procedures On Oct 1, Connor's Bicycle Store had an inventory of 20 ten-speed bicycles at a cost of $350 each. During the month of October, the following transactions occurred. Oct 4-Purchased 40 bicycles at a cost of $350 each from Bones Bicycle Company, terms 1/10, n/30. Oct 4. a Oct 6-Sold 20 bicycles to Team GSP for $500 each, terms 2/10, n/30. Oct 6. b b Oct 7-Received credit from Bones Bicycle Company for the return of 2 defective bicycles. Oct 7.