Journal Entries for Merchandise Transactions on Sel rs and Buyer The following are selected transactions for Franklin, Inc., during the month of April: April 20 Sold and shipped on account to Lind Stores merchandise for $19,400, with terms of 2/10, n/30. April 27 Lind Stores returned defective merchandise billed at $1,700 on April 20 for April 29 Received from Lind Stores a check for full settlement of the April 20 transaction Required Prepare the necessary journal entries for (a) Franklin, Inc., and (b) Lind Stores. Both companies use the periodic inventory system. Sellers journal entries Buyer's journal entries Date Apr. 201 FRANKLIN, INC. GENERAL JOURNAL Description Debit Credit 05 0 0 0 Sold merchandise to Lind Stores terms 2/10, n/30. 27 0 0 0 0 0 Merchandise returned by Lind Stores. 29 Cash Received amount due from Lind Stores. Please answer all parts of the question. 0 0 0 0 0 D D