4 nts eBook Hint Print References Prepare journal entries to record each of the following merchandising transactions assuming that the buyer uses the periodic inventory system and the gross method. April 2 Purchased $6,400 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. Paid $358 cash for shipping charges on the April 2 purchase. Returned to Lyon Company unacceptable merchandise that had an invoice price of $750. Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. Purchased $13,500 of merchandise from Frist Corporation with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. April 21 After negotiations over scuffed merchandise, received from Frist a $600 allowance toward the $13,500 owed on the April 18 purchase. April 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. April 3 April 4 April 17 April 18 View transaction list 2 Paid $358 cash for shipping charges on the April 2 purchase. 3 4 5 Returned to Lyon Company unacceptable merchandise that had an invoice price of $750. Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. Purchased $13,500 of merchandise from Frist Corporation with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. 6 After negotiations over scuffed merchandise, received from Frist a $600 allowance toward the $13,500 owed on the Am 10-ak-an Note : = journal entry has been entered ***** ms of Credit

Prepare journal entries to record each of the following merchandising transoctions assuming that the buyer uses the periodic itventory system and the gross method. Apr11 2 Purchased $6,460 of nerchandise fron Lyon company with credit terns of: 2/15, n/6e, anvolce dated Apr 11 , and FOB shipping point. Mprit. 3 Paid $358 cash for shipging charges on the April 2 porchase. Apell 4 Returned to Lyen Conpany unacceptable nerchandise that had an invoice price of $750. April 17 Sent a check to-Lyon Company for the Apr11 2 purchase, net of the discownt and the returned nerchandise. Aprit.18 Purchased $13,500 of nerchandise frot Frist Corporation with credit terns of 1/19, n/3a, invoice dated Aprit 18, and fob destinatioet Apr11:21 After negotiations over scuffed merchandise, received fros frist a s6ed allowance toward the \$13, seg owed on the Aprit 18 purchase, Apri1 28 Sent check to Frist paying for the Aprit 18 purchase, net of the altowance and the discount. 2 Pald 5358 cash for shipping charges on the April 2 purchase. 1 Returned to Lyon Company unacceptable merchandise that had an invoice price of $750. 4 Sent a check to Lyon Comgany for the April 2 purchase, fiet of the discount and the returned merchandise