Mr. Monkeyarms
Cruisin' on my Bluebird
However in this episode, the kid talking to Opie is the owner of the bike. He gets into trouble for riding it on the sidewalk. Then he convinces Opie that he's being taken advantage of because he works for an allowance. In the end the kid loses his bike and his father introduces him to "a good old fashioned wood shed."
The Andy Griffith Show, Season 3, Episode 21. First aired Feburary 18, 1963. "Opie and the spoiled kid."
Yes. That's another episode with this bike. The one I saw the other day, Opie actually DIDN'T get straight A's. Grades were transcribed incorrectly and he had to figure out a way to tell his "Pa" that he didn't deserve a new bike.
But you're right. The pic above is from the "spoiled kid" episode.