5 4 Problem 5-2A (Part Level Submission) Vaughn Distributing Company plc completed the following merchandising transactions in the month of April. At the beginning of April, the ledger of Vaughn showed Cash of 9,490 and Share Capital-Ordinary of 9,490. Apr. Purchased merchandise on account from Walker Supply Co. 6,500, terms 2/10, 1/30. 2 Sold merchandise on account 5,600, FOB destination, terms 1/10, 1/30. The cost of the merchandise sold was 3,720. 5 Paid 270 freight on April 4 sale. 6 Received credit from Walker Supply Co. for merchandise returned 700. 11 Paid Walker Supply Co. in full, less discount. 13 Received collections in full, less discounts, from customers billed on April 4. 14 Purchased merchandise for cash 4,460. 16 Received refund from supplier for returned goods on cash purchase of April 14, 520. 18 Purchased merchandise from Benjamin Distributors 4,600, FOB shipping point, terms 4/10, n/30. 20 Paid freight on April 18 purchase 170. 23 Sold merchandise for cash 7,190. The merchandise sold had a cost of 5,320. 26 Purchased merchandise for cash 2,130. 27 Paid Benjamin Distributors in full, less discount. 29 Made refunds to cash customers for defective merchandise 82. The returned merchandise had a fair value of 38. 30 Sold merchandise on account 3,560, terms n/30. The cost of the merchandise sold was 2,450. Vaughn Distributing Company's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 201 Accounts Payable, No. 311 Share Capital - Ordinary, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, No. 505 Cost of Goods Sold, and No. 644 Freight-Out. (a) Journalize the transactions using a perpetual inventory system. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Ref. Debit Credit >