Q3. Maia's Bike Shop uses the periodic inventory system and had the following transactions during the month of May 1O, n/30. The cost May 4 Sold merchandise to a customer for cash of S425. The cost of the merchandise May 6 Sold merchandise to a customer on credit for $1,300, term 2/10, n/30. The cost May3 Sold merchandise to a customer on credit for $600, terms 2 of the merchandise sold was $350 was $250 of the merchandise sold was $750 MayThe customer from May 3 returned merchandise with a selling price of S100 May 15 The customer from May 6 paid the full amount due, less any appropriate May 31 The customet from May 3 paid the full amount duc, less any appropriate The cost of merchandise returned was $55 discounts earned. discounts earned. Instructions: Prepare the roquired journal entrics that Maia's Bike Shop must make to record these transactions. 3 marks) ewSec1 Pages: 4 of5 Words: 441 of 468 L