Check my work 'roblem 7.4A (Algo) Recording sales, sales eturns, cash discounts, and cash receipts or a wholesale business. LO 7-1, 7-3 icredible Sounds is a wholesale business that ells musical instruments. Transactions involving ales and cash receipts for the firm during April OX1 follow. The firm sells its merchandise for ash and on open account. During April, icredible Sounds engaged in the following ansactions: DATE TRANSACTIONS POX1 il 1 Sold merchandise for $3,400 to Alto Music Center; issued Invoice 3912 with terms of 2/10, n/30 3 Received a check for $1,421 from Music Supply Store in payment of Invoice 2718 of March 25 ($1,450), less cash discount ($29). 5 Sold merchandise totaling $1,450 in cash to a new customer who has not yet established credit. 7 Merchandise of $70 sold on April 5 is returned for a cash refund. 8 Sold merchandise for $5,400 to Music Warehouse; issued Invoice 3913 with terms of 2/10, n/30. 10 Received payment from Alto Music Center in payment of Invoice 3912, less cash discount. 15 Accepted a return of damaged merchandise from Music Warehouse; issued Credit Memorandum 105 for $1,750. The original sale was made on Invoice 3913 on April 8. 17 Received payment from Music Warehouse for the sale of April 8, less the return on April 15; Music Warehouse deducted the appropriate cash discount from its payment. 19 Received a check for $1,750 as payment in full from Oldies Sounds for Invoice 3850 dated March 20. 20 Sold merchandise for $10,100 to Hawk Music Center; issued Invoice 3914 with terms of 2/10, n/30. 25 Sold merchandise for $9,700 to Modern Sounds; issued Invoice 3915 with terms of 2/10, n/30. 26 Sold merchandise for $7,500 to Country Tunes; issued Invoice 3916 with terms of 2/10, n/30. 27 Accepted a return of damaged merchandise from Modern Sounds; issued Credit Memorandum 106 for $390. The original sale was made on Invoice 3915 on April 25. 29 Received payment from Hawk Music Center for the sale of April 20, less cash discount. 30 Sold merchandise for $2,100 to Oldies Sounds; issued Invoice 3917 with terms of 2/10, n/30. equired: ecord the transactions in a general journal. nalyze: That was the amount of the cash discount taken y Hawk Music Center on April 29? eneral Journal Analyze ecord the transactions in a general journal. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 ..... 15 > Sold merchandise for $3,400 to Alto Music Center, issued Invoice 3912 with terms of 2/10, n/30. Note: Enter debits before credits. View transaction list Journal entry worksheet ... Received a check for $1,421 from Music Supply Store in payment of Invoice 2718 of March 25 ($1,450), less cash discount ($29). Note: Enter debits before credits. General Journal Debit Credit Date April 3, 20X1 Record entry Clear entry View general journal Journal entry worksheet ..... Sold merchandise totaling $1,450 in cash to a new customer who has not yet established credit Note: Enter debits before credits. General Journal Debit Credit Date April 5, 20x1 Record entry Clear entry View general journal View transaction list Journal entry worksheet ..... Merchandise of $70 sold on April 5 is returned for a cash refund. Note: Enter debits before credits. General Journal Debit Credit Date April 7, 20X1 Record entry Clear entry View general journal General Journal Analyze Record the transactions in a general journal. View transaction list Journal entry worksheet ..... Sold merchandise for $5,400 to Music Warehouse; issued Invoice 3913 with terms of 2/10, n/30 Note: Enter debits before credits. Date General Journal Debit Credit April 8, 20X1 Record entry Clear entry View general journal General Journal Analyze Record the transactions in a general journal. View transaction list Journal entry worksheet Received payment from Alto Music Center in payment of Invoice 3912, less cash discount. Note: Enter debits before credits. General Journal Debit Credit Date April 10, 20X1 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. General Journal Analyze Record the transactions in a general journal. View transaction list Journal entry worksheet ..... Accepted a return of damaged merchandise from Music Warehouse; issued Credit Memorandum 105 for $1,750. The original sale was made on Invoice 3913 on April 8. Note: Enter debits before credits. General Journal Debit Credit Date April 15, 20X1 Record entry Clear entry View general journal Record the transactions in a general journal. View transaction list Journal entry worksheet ..... Received payment from Music Warehouse for the sale of April 8, less the return on April 15; Music Warehouse deducted the appropriate cash discount from its payment. Note: Enter debits before credits. General Journal Debit Credit Date April 17, 20X1 Record entry Clear entry View general journal Journal entry worksheet Received a check for $1,750 as payment in full from Oldies Sounds for Invoice 3850 dated March 20. Note: Enter debits before credits. General Journal Debit Credit Date April 19, 20X1 Record entry Clear entry View general journal View transaction list Journal entry worksheet Sold merchandise for $10,100 to Hawk Music Center, issued Invoice 3914 with terms of 2/10, n/30. Note: Enter debits before credits. General Journal Debit Credit Date April 20, 20X1 Record entry Clear entry View general journal View transaction list Journal entry worksheet Sold merchandise for $9,700 to Modern Sounds; issued Invoice 3915 with terms of 2/10, n/30. Note: Enter debits before credits. General Journal Debit Credit Date April 25, 20X1 Record entry Clear entry View general journal Record the transactions in a general journal. View transaction list Journal entry worksheet ..... Sold merchandise for $7,500 to Country Tunes; issued Invoice 3916 with terms of 2/10, n/30 Note: Enter debits before credits. General Journal Debit Credit Date April 26, 20X1 Record entry Clear entry View general journal Record the transactions in a general journal. View transaction list Journal entry worksheet ..... Accepted a return of damaged merchandise from Modern Sounds; issued Credit Memorandum 106 for $390. The original sale was made on Invoice 3915 on April 25. Note: Enter debits before credits. General Journal Debit Credit Date April 27, 20X1 Record entry Clear entry View general journal Record the transactions in a general journal. View transaction list Journal entry worksheet Received payment from Hawk Music Center for the sale of April 20, less cash discount Note: Enter debits before credits. General Journal Debit Credit Date April 29, 20X1 Record entry Clear entry View general journal View transaction list Journal entry worksheet