Axel Company and Rod Company completed the following merchandising transactions in the month of April. Axel

Company follows periodic inventory system and Rod Company follows perpetual inventory system. Journalize for the

month of April, Axel Company's transactions and Rod Company's transactions.

April $9$ Axel Company sold $$67,500$ of merchandise on account to Rod Company, terms FOB destination, $1/10,$

$\frac{n}{30}.$ The cost of the merchandise sold was $$40,500.$ The appropriate party also paid $$100$ for the freight

charge.

April $12$ Axel Company granted Rod Company $$2,100$ credit for merchandise returned costing $$1,300.$

April $18$ Axel Company received the balance due from Rod Company.

Instructions:

a$.$ Journalize the above transactions on the books of Axel Company.

b$.$ Journalize the above transactions on the books of Rod Company.