The provided documents describe two business transactions. (Click the icon to view the invoice.) A (Click the icon to view the debit memo.) Eric's Bicycle Shop paid the balance due on March 21 Both Eric's Bicycle Shop and Sale Company use a perpetual inventory system Sale Company's cost of the bicycles sold to Eric's Bicycle Shop was $1,565. Sale Company's cost of the returned merchandise was $375. Required Requirement 1. Record these transactions and Eric's cash payment on March 21 in the books of Eric's Bicycle Shop (Record debits first, then credits. No explanations are required. Round amounts to the nearest whole dollar.) March 14: Eric's Bicycle Shop purchases bicycles from Sale Company Journal Entry Date Accounts Debit Credit Mar. 14 March 20: Eric's Bicycle Shop returns bicycles to Sale Company Journal Entry Date Accounts Debit Credit Mar. 20 March 21: Eric's Bicycle Shop paid the balance due. Journal Entry Nata Accante Nahit Credit March 21: Eric's Bicycle Shop paid the balance due. Journal Entry Date Accounts Debit Credit Mar. 21 Requirement 2. Record what the books of Sale Company, which makes and sells bicycles, would record. (Record debits first, then credits. No explanations are required. Round amounts to the nearest whole dollar.) March 14: Sale Company sells bicycles to Eric's Bicycle Shop First record the sale on March 14. Journal Entry Date Accounts Debit Credit Mar. 14 Now record the cost of the inventory that was sold on March 14. Journal Entry Now record the cost of the inventory that was sold on March 14. Journal Entry Date Accounts Debit Credit Mar. 14 March 20: Eric's Bicycle Shop returns bicycles to Sale Company First record the return on March 20 Journal Entry Date Accounts Debit Credit Mar. 20 Now record the return of the inventory Journal Entry Date Accounts Debit Credit Mar 20 Now record the return of the inventory. Journal Entry Date Accounts Debit Credit Mar. 20 March 21: Sale Company receives the balance due from Eric's Bicycle Shop Journal Entry Date Accounts Debit Credit Mar. 21