Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. Exercise 4-3 (Algo) Recording purchases, purchases returns, and purchases allowances LO P1 Prepare journai entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. Apri1 2 Purchased $3,600 of nerchandise from Lyon Conpany with eredit termi of 2/15,n/60,1 involee dated Apri1 2, and Yos thipping poine. Apri1 3 Paid $350 cash for ahipping charges on the April 2 purehase. April 4 Returned to Iyon Company unacceptable morehandise that had an lavolce price of 9700 . Apri1 17 Sent a check to Lyon Conpany for the Apri1 2 parehase, net of the diacount and the returned serehandise. April 18 Purchased $6,500 of morehandise from Frist Corporation with eredit terns of 1/10,n/30, involce dated April 18 , and rom destination. Apri1 21 After negotiatione over scuffed merohandise, received tron Frist a $500 allovance toward the $6,500 oved on the Apri1 18 purehase. Apell zil Sent choek to Frist paying for the April 18 parehase, net of the allowance and the discount. Journal entry worksheet 34567 Purchased $3,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated Apri 2, and FOB shipping point. Wote: Enet detits befure credits