Crane Distributors completed the following merchandising transactions in the month of April. At the beginning of April, the ledger of Crane showed Cash of 7,200 and Share Capital-Ordinary of 7,200. Apr. 2 Purchased merchandise on account from Walker Supply 6,600, terms 1/10, n/30. 4 Sold merchandise on account 5,000, FOB destination, terms 1/10, n/30. The cost of the merchandise sold was 3,700. 5 Paid 350 freight on April 4 sale. 6 Received credit from Walker Supply for merchandise returned 200. 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 3,900. 16 Received refund from supplier for returned goods on cash purchase of April 14, 320. 18 Purchased merchandise from Benjamin Glassware 6,100, FOB shipping point, terms 2/10,n/30. 20 Paid freight on April 18 purchase 200. 23 Sold merchandise for cash 7,500. The merchandise sold had a cost of 5,300. 26 Purchased merchandise for cash 2,200. 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 30. 30 Sold merchandise on account 5,500, terms 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 Credit (To record credit sale) (To record cost of merchandise sold) (To record cash sale) (To record cost of merchandise sold) (To merchandise returned) (To record cost of merchandise returned) (To record credit sale) (To record cost of merchandise sold) 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.) Cash No. 101 Date Explanation Ref. Debit Credit Balance Balance J1 > J1 J1 J1