0 Prepare journal entries to record each of the following merchandising transactions assuming that the buyer uses the periodic inventory system and the gross method. Apr 2 Purchased $3,500 of merchandise from yon Company with credit terms of 2/15, /, nice dated April 2, wo shipping point. 3 Paid $196 cash for shipping charges on the Boril 2 purchase 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $ 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned archandise 18 Purchased 57,700 of merchandise from Frist Corp. with credit teras of 1/10, 1/3, Invoice dated April 18, and FB destination 21 After negotiations, received from Frista $400 allowance toward the 57,700 owed on the April 16 de 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount View transaction list Journal entry worksheet 2 3 > 5 6 7 1 Purchased $3,500 of merchandise from Lyon Company with credit terms of 2/15, n/60, Invoice dated April 2, and FOB shipping point Note: Enter debts before credits Debe General Journal Apr 02 Next > 7 of 40 here to search price of $650. se, net of the discount and the returned merchandise from Frist Corp. with credit terms of 1/10, 1/30, invoice dated April 18, and to 21 After negotiations, received from Frist a $400 allowance toward the $7,709 owed on the April 18 purchase. 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. View transaction list Journal entry worksheet LE o search 1 lowance toward the $7,700 owed on the April 18 purchase ng for the April 18 purchase, net of the allowance and the discount. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. Note: Enter debits before credits. Date General Journal Debit Credit Apr 17 View general journal Clear entry Record entry 7 of 40 Next > o ice dated oril 18, FS on Frist a $400 allowance toward the 57,700 Owed on the April 18 purchase. 25 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount, View transaction list Journal entry worksheet After negotiations, received from Frist a $400 allowance toward the $7,700 owed on the April 18 purchase. Note: Enter debits before credits Debit Credit Date General Journal Apr 21 View general journal Clear entry Record entry Next > 7 of 40