The Central Perk Company is a retail bicycle store. Below are transactions The Central Perk Company made during the month of October.

Oct. 3 Purchased bicycles at a cost of $3,000 from the Buffays Bicycle Company, terms n/30.

6.Sold bicycles to Tribbiani Bikes for $5,000, terms n/30.

7.Received $300 credit from the Buffays Bicycle Company for the return of 2 defective bicycles.

13. Issued a $250 credit to Tribbiani Bikes for the return of a defective bicycle.

19.Purchased bicycles from Chandlers Cycle Co. at a cost of $1250, terms n/30.

20.Paid freight of $80 on the October 19 purchase.

Instructions: Prepare the journal entries to record the transactions assuming The Central Perk Company uses a periodic inventory system.