Adam Distributing Company uses the perpetual inventory system and engaged in the following transactions during April of the current year. (Click the icon to view the transactions.) Required 1. Journalize the prb peding transactions on the books of Adam Distributing Company. 2. Suppose the balance in Inventory was $30,000 on April 1. What is the balance in inventory on April 30? .. Requirement 1. Journalize the transactions on the books of Adam Distributing Company. April 3. Purchased office supplies for cash, $23,000. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit Apr 3 Office Supplies 23000 Cash 23000 April 7. Purchased inventory on credit terms of 3/10, net eom, $80,000. Journal Entry Accounts Debit Date Credit 80000 Inventory Adam Distributing Company uses the perpetual (Click the icon to view the transactions, - More info Required 1. Journalize the preceding transactions on the 2. Suppose the balance in Inventory was $30,9 Requirement 1. Journalize the transactions or April 3. Purchased office supplies for cash, $23 Jou Apr 3 Purchased office supplies for cash, $23,000. 7 Purchased inventory on credit terms of 3/10, net eom, $80,000. 8 Returned 25 percent of the inventory purchased on April 7. It was not the inventory ordered. 10 Sold goods for cash, $19,000 (cost, $11,400). 13 Sold inventory on credit terms of 2/15, n/45, for $164,000, less a $16,400 quantity discount offered to customers who purchase in large quantities (cost, $98,400). 16 Paid the amount owed on account from the purchase of April 7, less the discount and the return. 17 Received wrong-sized inventory as a sales return from April 13 sale, $30,000, which is the net amount after the quantity discount. Adam's cost of the inventory received was $18,000 18 Purchased inventory of $172,000 on account. Payment terms were 2/10, net 30. 26 Paid supplier for goods purchased on April 18. 28 Received cash in full settlement of the account from the customer who purchased inventory on April 13. 30 Purchased inventory for cash, $84,000, less a quantity discount of $8,400, plus freight charges of $2,200. Date Accoun Apr 3 Office Supplies Cash April 7. Purchased inventory on credit terms of Jould Print Done Date Accoun Apr 7 Inventory April 30. Purchased inventory for cash, $84,000, less a quantity discount of $8,400, plus freight charges of $2,200. When entering this transaction, combine all amounts into one entry. Journal Entry Date Accounts Debit Credit Apr 30 Inventory Cash Requirement 2. Suppose the balance in Inventory was $30,000 on April 1. What is the balance in inventory on April 30? 89 On April 30 the balance in inventory is