Journal Entries for Merchandise Transactions on Seller's and Buyer's Records-Periodic System The following are selected transactions for Franklin, Inc, during the month of Aprit: Required Prepare the necessary journal entries fpr (a) Frankin, Inc, and (b) Lind Stores, Both companies use the periodic inventory system. Journal Entries for Merchandise Transactions on Seller's and Buyer's Records-Periodic System The following are selected transactions for Franklin, Inc, during the month of April: Required Prepare the necessary journal entries for (a) Frankin, inc., and (b) Eind Stores, Both companies use the periodic inventory system