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Dawson Enterprises uses the perpetual system to record Inventory transactions. In a recent month, Dawson engaged in the following transactions: a. On April 1, Dawson

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Dawson Enterprises uses the perpetual system to record Inventory transactions. In a recent month, Dawson engaged in the following transactions: a. On April 1, Dawson purchased merchandise on credit for $21,900 with terms 2/10, 1/30 b. On April 2, Dawson purchased merchandise on credit for $23,300 with terms 3/15, 1/25 c. On April 9, Dawson paid for the purchase made on April 1. d. On April 25, Dawson paid for the merchandise purchased on April 2. Required: Prepare journal entries for these four transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Exam 2 (Password Apr. 1 (Purchased Inventory on credit) Apr. 2 (Purchased inventory on credit) Apr. 9 88 11 (Paid within the discount period) Apr. 25 (Paid outside the discount period)

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