1 Journalize the April transactions for Bird Company (the buyer) Date Account Debit Credit Apr 2 Merchandise Inventory Accounts Payable Swan Company Date Account Debit Credit Apr 8 Merchandise Inventory Accounts Payable Swan Company Date Account Debit Credit Apr 12 Accounts Payable Swan Company Cash Date Account Debit Credit Apr 18 Cash Merchandise Inventory Date Account Debit Credit Apr 23 Accounts Payable Swan Company Cash Date Account Debit Credit Apr 24 Merchandise Inventory Accounts Payable Swan Company Date Account Debit Credit Apr 26 Merchandise Inventory Cash Date Account Debit Credit Apr 30 Accounts Payable Swan Company Merchandise Inventory 2 Journalize the April transactions for Swan Company (the seller) Date Account Debit Credit Apr 2 sale Accounts Receivable Bird Company Sales Date Account Debit Credit Apr 2 freight Accounts Receivable Bird Company Cash Date Account Debit Credit Apr 2 cost Cost of Merchandise Sold Merchandise Inventory Date Account Debit Credit Apr 8 sale Accounts Receivable Bird Company Sales Date Account Debit Credit Apr 8 cost Cost of Merchandise Sold Merchandise Inventory Date Account Debit Credit Apr 8 freight Delivery Expense Cash Date Account Debit Credit Apr 12 Cash Accounts Receivable Bird Company Date Account Debit Credit Apr 18 Customer Refunds Payable Cash Date Account Debit Credit Apr 23 Cash Accounts Receivable Bird Company Date Account Debit Credit Apr 24 sale Accounts Receivable Bird Company Sales Date Account Debit Credit Apr 24 cost Cost of Merchandise Sold Merchandise Inventory Date Account Debit Credit Apr 30 Customer Refunds Payable Accounts Receivable Bird Company Date Account Debit Credit Apr 30 Merchandise Inventory Estimated Returns Inventory Sales Related and Purchase Related Transactions for Seller and Buyer Using Perpetual Inventory System The following selected transactions were completed during April between Swan Company and Bird Company Apr 2 Swan Company sold merchandise on account to Bird Company, $19,900, terms FOB shipping point, 2 10, n 30 Swan Company paid freight of $435, which was added to the invoice The cost of the merchandise sold was $12,500 8 Swan Company sold merchandise on account to Bird Company, $30,000, terms FOB destination, 1 15, n 30 The cost of the merchandise sold was $18,000 8 Swan Company paid freight of $460 for delivery of merchandise sold to Bird Company on April 8 12 Bird Company paid Swan Company for purchase of April 2 18 Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase Bird Company agreed to keep the merchandise 23 Bird Company paid Swan Company for purchase of April 8 24 Swan Company sold merchandise on account to Bird Company, $14,300, terms FOB shipping point, n 45 The cost of the merchandise sold was $8,600 26 Bird Company paid freight of $350 on April 24 purchase from Swan Company 30 Swan Company granted a customer allowance (credit memo) to Bird Company for $11,300 for merchandise that was returned from the August 24 purchase The cost of the merchandise returned was $6,500

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1. Journalize the April transactions for Bird Company (the buyer). Date Account Debit Credit Apr. 2 Merchandise Inventory Accounts Payable-Swan Company Date Account Debit Credit

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1. Journalize the April transactions for Bird Company (the buyer).

Date	Account	Debit	Credit
Apr. 2	Merchandise Inventory
	Accounts Payable-Swan Company

Date	Account	Debit	Credit
Apr. 8	Merchandise Inventory
	Accounts Payable-Swan Company

Date	Account	Debit	Credit
Apr. 12	Accounts Payable-Swan Company
	Cash

Date	Account	Debit	Credit
Apr. 18	Cash
	Merchandise Inventory

Date	Account	Debit	Credit
Apr. 23	Accounts Payable-Swan Company
	Cash

Date	Account	Debit	Credit
Apr. 24	Merchandise Inventory
	Accounts Payable-Swan Company

Date	Account	Debit	Credit
Apr. 26	Merchandise Inventory
	Cash

Date	Account	Debit	Credit
Apr. 30	Accounts Payable-Swan Company
	Merchandise Inventory

2. Journalize the April transactions for Swan Company (the seller).

Date	Account	Debit	Credit
Apr. 2-sale	Accounts Receivable-Bird Company
	Sales

Date	Account	Debit	Credit
Apr. 2-freight	Accounts Receivable-Bird Company
	Cash

Date	Account	Debit	Credit
Apr. 2-cost	Cost of Merchandise Sold
	Merchandise Inventory

Date	Account	Debit	Credit
Apr. 8-sale	Accounts Receivable-Bird Company
	Sales

Date	Account	Debit	Credit
Apr. 8-cost	Cost of Merchandise Sold
	Merchandise Inventory

Date	Account	Debit	Credit
Apr. 8-freight	Delivery Expense
	Cash

Date	Account	Debit	Credit
Apr. 12	Cash
	Accounts Receivable-Bird Company

Date	Account	Debit	Credit
Apr. 18	Customer Refunds Payable
	Cash

Date	Account	Debit	Credit
Apr. 23	Cash
	Accounts Receivable-Bird Company

Date	Account	Debit	Credit
Apr. 24-sale	Accounts Receivable-Bird Company
	Sales

Date	Account	Debit	Credit
Apr. 24-cost	Cost of Merchandise Sold
	Merchandise Inventory

Date	Account	Debit	Credit
Apr. 30	Customer Refunds Payable
	Accounts Receivable-Bird Company

Date	Account	Debit	Credit
Apr. 30	Merchandise Inventory
	Estimated Returns Inventory

Sales-Related and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System The following selected transactions were completed during April between Swan Company and Bird Company: Apr.2. Swan Company sold merchandise on account to Bird Company, $19,900, terms FOB shipping point, 2/10, n/30. Swan Company paid freight of $435, which was added to the invoice. The cost of the merchandise sold was $12,500. 8. Swan Company sold merchandise on account to Bird Company, $30,000, terms FOB destination, 1/15, n/30. The cost of the merchandise sold was $18,000. 8. Swan Company paid freight of $460 for delivery of merchandise sold to Bird Company on April 8. 12. Bird Company paid Swan Company for purchase of April 2. 18. Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $14,300, terms FOB shipping point, n/45. The cost of the merchandise sold was $8,600. 26. Bird Company paid freight of $350 on April 24 purchase from Swan Company. 30. Swan Company granted a customer allowance (credit memo) to Bird Company for $11,300 for merchandise that was returned from the August 24 purchase. The cost of the merchandise returned was $6,500