Prepare journal entries to record the following transactions for a retail store. Assume a perpetual in¬

ventory system. l02

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Apr. 2 Purchased merchandise from Blue Company under the following terms: $3,600 price, in- voice dated April 2, credit terms of 2/15, n/60, and FOB shipping point. 3 Paid $200 for shipping charges on the April 2 purchase. 4 Returned to Blue Company unacceptable merchandise that had an invoice price of $600. 17 Sent a check to Blue Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased merchandise from Fox Corp. under the following terms: $7,500 price, invoice dated April 18, credit terms of 2/10, n/30, and FOB destination. 21 After negotiations, received from Fox, a $2,100 allowance on the April 18 purchase. 28 Sent a check to Fox paying for the April 18 purchase, net of the discount and allowance.