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) Franklin, Inc., and (b) Lind Stores. Both companies use the periodic inventory system. Prepare the necessary journal entries for (a) Franklin, Inc., and (b) Lind Stores. Both companies use the periodic invent Sellers journal entries Buyer'sjournal entries