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HW 6 Seved Help Save Exercise 4-3 Recording purchases, purchases returns, and purchases allowances LO P1 Prepare journal entries to record the following transactions for

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HW 6 Seved Help Save Exercise 4-3 Recording purchases, purchases returns, and purchases allowances LO P1 Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual Inventory system and the gross method. Apr. 2. Purchased $4,000 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and TOB shipping point. Pald 350 cash for shipping charges on the April 2 purchase. Returned to Lyon Company unacceptable marchandise that had an invoice price of $800. 17 Sent cheek to Lyon Company for the April 2 purchase, not of the discount and the returned merchandise 18 Parehased $7.300 of merchandise free Triat Corp. with credit term of 1/10, 1/30, invoice dated April 18, and FOB destination 21 After negotiations, received from Prista $600 allowance toward the $7,300 oved on the April 18 purchase 28 Sent check to Print paying for the April 18 purchase, net of the allowance and the discount. View transaction list HW Served View transaction list Journal entry worksheet Purchased $4,000 of merchandise from Lyon Company with credit terms of 2/15, 1/60, Invoice dated April 2, and FOB shipping point. Note: Enter debits before credits Date General Journal Debit Credit Apr 02 Record entry Clear entry View general journal Chapter 4 HW View transaction list Journal entry worksheet 1 3 Skipped 4 5 6 7 Pald $350 cash for shipping charges on the April 2 purchase. eBook Print References Note: Enter debits before credits General Journal Debit Credit Date Apr 03 Record entry Clear entry View general journal View transaction list Journal entry worksheet bok Returned to Lyon Company unacceptable merchandise that had an invoice price of $800. int rences Note: Enter debits before credits Date General Journal Debit Credit Apr 04 Record entry Clear entry View general journal

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