Midwest Distributing Company completed these merchandising transactions in the month of April. At the beginning of April, the ledger of Midwest showed Cash of

$9,000 and Common Stock of $9,000.

Apr. 2 Purchased merchandise on account from Kane Supply Co. $6,300, terms 2/10, n/30.

4 Sold merchandise on account $5,000, terms 2/10, n/30. The cost of the merchandise sold was $3,700.

5 Paid $200 freight on April 4 sale.

6 Received credit from Kane Supply Co. for merchandise returned $300.

11 Paid Kane Supply Co. in full, less discount.

13 Received collections in full, less discounts, from customers billed on April 4.

14 Purchased merchandise for cash $4,700.

16 Received refund from supplier for returned merchandise on cash purchase of April 14, $500.

18 Purchased merchandise from Great Plains Distributors $4,500, terms 2/10, n/30.

20 Paid freight on April 18 purchase $100.

23 Sold merchandise for cash $8,300. The cost of the merchandise sold was

$5,820.

26 Purchased merchandise for cash $2,300.