Accounting

Fatimah Publishing LLC, distributes books to retail bookstores in the UAE. The company purchases all merchandise inventory on credit and uses perpetual inventory system. April, the following merchandise transactions occurred: Transactions April 1 Purchased merchandise on account for AED7,500 from Meadow Publisher, FOB shipping points, terms 3/10, n/30. April 3 Paid freight on purchase of merchandise amounting to AED230. April 5 Received credit from Meadow Publisher for merchandise returned AED500. April 9 Paid Meadow Publisher in full. April 14 Sold merchandise on account to Burhan-Bookstore for AED5,800 terms 2/10, n/30. The merchandise sold had a cost of AED4,900. April 15 Granted Burhan-Bookstore AED350 for merchandise returned costing AED 170. April 23 Received collection in full from customers billed on April 14 REQUIRED: Journalize all the above transactions for the month of April