Assuming the perpetual inventory system is utilized; prepare the journal entries to record the following transaction for Summer Jewelers. April 2 Summer received an invoice for $20,000 from one of its merchandise suppliers. Terms were 2/10, n/30 FOB shipping point Summer paid transportation cost on the April 2nd purchase, $1,200. Summer returned $3,400 of the merchandise billed on April 2nd because it was defective. Summer sold merchandise on account to Charles Simpson Jewelers for $9,000. Terms were 3/15, n/30 FOB destination. Summer's cost for this merchandise was $3,000. Summer paid transportation cost on the April Sth sale, $500 Summer paid the invoice dated April 2nd, less the return and the discount. Charles Simpson Jewelers returned $3,000 of the merchandise from the April 5th sale. 10 15 Summer's cost for this merchandise was $1,000. 19 Summer received payment on the remaining amount due from Charles Simpson Jewelers, less the return and the discount 25 30 Paid rent, $1,500. Paid part-time salesperson wages, $1,200. Please use these Beginning Balances for March 31, 2017 S Cash Estimated Returns Inventory Refunds Payable Capital 35,000 2,000 6,000 31,000 Requirements: 1. Journalize Summer Jewelers' April transactions