During April, the following transactions took place at Hummel Merchandisers Inc. Hummel uses a perpetual inventory system. April 2 Sold $12,000 of merchandise to Tann Inc., terms 2/10, n/30, invoice #1423. The markup on the cost of these goods is 25% on cost. Tann Inc. returned $2,500 of merchandise purchased on invoice #1423 as it was the incorrect inventory item number. April 5 April 7 Received payment from Tann for invoice #1423. April 12 Recorded sales of $8,700 on account. The cost of goods sold was 75% of the selling price. April 16 Sold $25,000 of merchandise to Toddy Co. for cash. Cost of goods sold was $15,000 (60% of sales). April 23 Toddy returned $5,000 of the merchandise. A cheque was mailed to Toddy for $5,000 on the same day. April 30 Interest was calculated on outstanding accounts as of April 30th. The total value of accounts over 30 days was $5,500. Hummel charges 22% interest per annum on overdue accounts. The following journal entries were recorded for the above April transactions. Indicate all of the entries that were recorded correctly. (Note: all transactions are rounded to the nearest whole number). The following journal entries were recorded for the above April transactions. Indicate all of the entries that were recorded correctly. (Note: all transactions are rounded to the nearest whole number). Accounts Receivable a. April 2 12,000 Sales 12,000 9,000 Cost of Goods Sold 9,000 Inventory b. April 5 Sales 2,500 Accounts Receivable 2,500 c. April 7 Cash 9,310 Sales Discount 190 Accounts Receivable 9,500 d. April 12 Accounts Receivable 8,700 8,700 Sales Cost of Goods Sold 6,525 Inventory 6,525 e. April Cash 25,000 Sales 25,000 15,000 Cost of Goods Sold c. April 7 Cash 9,310 Sales Discount 190 Accounts Receivable 9,500 d. April 12 Accounts Receivable 8,700 Sales 8,700 Cost of Goods Sold 6,525 Inventory 6,525 Cash e. April 16 25,000 Sales 25,000 Cost of Goods Sold 15,000 Inventory 15,000 f. April 23 Sales 5,000 Accounts Receivable 5,000 Inventory 3,000 Cost of Goods Sold 3,000 Accounts Receivable 1,210 g. April 30 Interest Revenue 1,210