al entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross metho Apr 2 Purchased $4 600 of merchandise from Lyon Company with credit terms of 2/15. n/60, Invoice dated Apri 2, and FOB shipping point 3 Paid $300 cash for shipping charges on the April 2 purchase 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600 17 Sent a check to Lyan Company for the April 2 purchase net of the discount and the returned merchandise 18 Purchased $8 500 21 After negotiations, received from Frist a 5500 allowance toward the $8,500 owed on the April 18 purchase 28 Sent check to Frist paying for the April 18 purchase net of the allowance and the discount of merchandse from Frist Corp with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination View transaction list Journal entry worksheet Purchased 54,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. Nate Enter debits before credts Date General Journal Debit Credit Apr 02 0 Type here to search