Crane Distributors completed the following merchandising transactions in the month of April. At the beginning of April, the ledger of Crane showed Cash of $5,500$ and Share Capital$-$Ordinary of $5,500.$

Apr. $2$ Purchased merchandise on account from Walker Supply $4,900,$ terms $1/10,$ n$/30.$

$4$ Sold merchandise on account $7,100,$ FOB destination, terms $\frac{1}{10},\frac{n}{30}.$ The cost of the merchandise sold was $2,000.$

$5$ Paid $350$ freight on April $4$ sale.

$6$ Received credit from Walker Supply for merchandise returned $400.$

$11$ Paid Walker Supply in full, less discount.

$13$ Received collections in full, less discounts, from customers billed on April $4.$

$14$ Purchased merchandise for cash $3,400.$

$16$ Received refund from supplier for returned goods on cash purchase of April $14,490.$

$18$ Purchased merchandise from Benjamin Glassware $5,600,$ FOB shipping point, terms $\frac{2}{10},\frac{n}{30}.$

$20$ Paid freight on April $18$ purchase $210.$

$23$ Sold merchandise for cash $6,600.$ The merchandise sold had a cost of $2,900.$

$26$ Purchased merchandise for cash $3,300.$

$27$ Paid Benjamin Glassware in full, less discount.

$29$ Made refunds to cash customers for defective merchandise $110.$ The returned merchandise had a fair value of $20.$

$30$ Sold merchandise on account $3,500,$ terms $\frac{n}{30}.$ The cost of the merchandise sold was $2,200.$

Crane chart of accounts includes the following: No$.101$ Cash, No$.112$ Accounts Receivable, No$.120$ Inventory, No$.201$ Accounts Payable, No$.311$ Share Capital$-$Ordinary, No$.401$ Sales Revenue, No$.412$ Sales Returns and Allowances, No$.414$ Sales Discounts, No$.505$ Cost of Goods Sold, and No$.644$ Freight$-$Out.

Journalize the transactions using a perpetual inventory system. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Cred

SUPPORT

Inventory

Enter the beginning cash and share capital$-$ordinary balances, and post the transactions. $($Post entries in the order of journal entries presented in the previous part.$)$