Apr. 7 Merchandise Inventory Accounts Payable Review the following transactions. A. On April 7, Tolbert Enterprises contracts with a supplier to purchase 380 water bottles for their merchandise inventory, on credit, for $18 each. Credit terms are 2/10, n/60 from the invoice date of April 7. B. On April 15, Tolbert pays the amount due in cash to the supplier. Prepare any necessary journal entries for Tolbert Enterprises. If an amount box does not require an entry, leave it blank. Apr 15 Accounts Payable Merchandise Inventory Cash 6.840 6040 6.040 Ex. El 30 X 6840 X