Exercise 5-3 Recording purchases, purchases returns, and purchases allowances LOP1 Prepare journal entries to record the following transactions for a real store. The companyies perpetuis verbod gross method Apr.2 Purchased $3,400 of merchandise from Lyon with creare of a FOB shipping point. > Paid $350 cash for shipping charges the richest 4 Returned to Lyon Company acceptable in that will 17 Sent a check to Lyon Company for the April 3 to the 18 Purchased 56.101 of merchandise free pris con. Wicredit to Be FOB destination 21 After negotiations, received from frista $400 heart 28 Sent check to Frist paying for the Archant View transactions Journal entry worksheet 7 Purchased $3,400 of merchandise from the company with credib 2/15, dated April 2, and the por De Dan A Exercise 5-3 Recording purchases, purchases returns, and purchases allowances LOP1 Prepare journal entries to record the following transactions for a real store. The companyies perpetuis verbod gross method Apr.2 Purchased $3,400 of merchandise from Lyon with creare of a FOB shipping point. > Paid $350 cash for shipping charges the richest 4 Returned to Lyon Company acceptable in that will 17 Sent a check to Lyon Company for the April 3 to the 18 Purchased 56.101 of merchandise free pris con. Wicredit to Be FOB destination 21 After negotiations, received from frista $400 heart 28 Sent check to Frist paying for the Archant View transactions Journal entry worksheet 7 Purchased $3,400 of merchandise from the company with credib 2/15, dated April 2, and the por De Dan A