Problem 4 Maia's Bike Shop uses the perpetual inventory system and had the following transactions during the month of May May 3 Sold merchandise to a customer on credit for $600, terms 2/10, n130. The May 4 Sold merchandise to a customer for cash of $425. The cost of the May 6 Sold merchandise to a customer on credit for $1,300, terms 2/10, n/30. The May 8 The customer from May 3 returned merchandise with a selling price of $100 cost of the merchandise sold was $350 merchandise was $250 cost of the merchandise sold was $750 The cost of the merchandise returned was $55 discounts earned discounts earned May 15 The customer from May 6 paid the full amount due, less any appropriate May 31 The customer from May 3 paid the full amount due, less any appropriate Prepare the required journal entries that Maia's Bike Shop must make to record these transactions