Based on the information below, journalize the entries during April 20XX for the Johnson Company and the Hills Company. Both use a perpetual inventory system.

GLICKMAN - ACC111 End of Chapter 5 Test - (30 points) Name: ___________________________________ Please show all calculations!!! Based on the information below, journalize the entries during April 20XX for the Johnson Company and the Hills Company. Both use a perpetual inventory system. April 4 Johnson Company sells Hills Company on account merchandise costing $200 for $450, terms 2/10, net 30. 10 Hills Company returns as defective $150 worth of the $450 merchandise received. The Johnson Company's cost is $85. 14 Hills Company pays within the discount period. Date General Journal Description ENTRIES FOR JOHNSON COMPANY: Debit ENTRIES FOR HILLS COMPANY: Prepare an Income Statement through Gross Profit for the Johnson Company. Credit