Instructions: Journalize these transactions.

At the beginning of April, the ledger of Rose showed Cash of $9,000 and Common Stock of $9,000. Rose Company completed these transactions in April.

Apr. 2 Purchased merchandise on account from Kwon Supply Co. $6,900, terms 1/10, n/30.

4 Sold merchandise on account $6,500, FOB destination, terms 1/10, n/30.

(The cost of the merchandise sold was $3,900.)

5 Paid $240 freight on April 4 sale.

6 Received credit from Kwon Supply Co. for merchandise returned $500.

11 Paid Kwon Supply Co. in full, less discount.

13 Received collections in full, less discounts, from customers billed on April 4.

14 Purchased merchandise for cash $3,800.

16 Received refund from supplier for returned goods on cash purchase of April 14, $500.

18 Purchased merchandise from Davis Co. $4,500, FOB shipping point, terms 2/10, n/30.

20 Paid freight on April 18 purchase $100.

23 Sold merchandise for cash $7,400. The merchandise sold had a cost of $4,120.

26 Purchased merchandise for cash $2,300.

27 Paid Davis Distributors in full, less discount.

29 Made refunds to cash customers for defective merchandise $90.

(The returned merchandise had a fair value of $30.)

30 Sold merchandise on account $3,700, terms n/30. The cost of the merchandise sold was $2,800.

The chart of accounts for this question includes :Cash, Accts Recbl, Inventory, Accts Pyble, Common Stock, Sales Revenue, Sales Return & Allow, Sales Discounts, Cost of Goods Sold, and Freight-Out.