journalize the april transactions for bird compny ( the buyer )

journalize the april transaction for swan comney ( seller)

Sales-Related and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System The following selected transactions were completed during April between Swan Company and Bird Company: Apr.2. Swan Company sold merchandise on account to Bird Company, $15,900, terms FOB shipping point, 2/10, 1/30. Swan Company paid freight of $435, which was added to the invoice. The cost of the merchandise sold was $10,000 8. Swan Company sold merchandise on account to Bird Company, $28,000, terms FOB destination, 1/15, 1/30. The cost of the merchandise sold was $16,800. 8. Swan Company paid freight of $850 for delivery of merchandise sold to Bird Company on April 8. 12. Bird Company paid Swan Company for purchase of April 2. 18. Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $10,300, terms FOB shipping point, n/45. The cost of the merchandise sold was $6,200. 26. Bird Company paid freight of $440 on April 24 purchase from Swan Company 30. Swan Company granted a customer allowance (credit memo) to Bird Company for $11,300 for merchandise that was returned from the August 24 purchase. The cost of the merchandise returned was $6,500. Required: Vany a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Comp agreed to keep the merchandise. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $10,300, terms FOB shipping point, n/45. The cost merchandise sold was $6,200. 26. Bird Company paid freight of $440 on April 24 purchase from Swan Company. 30. Swan Company granted a customer allowance (credit memo) to Bird Company for $11,300 for merchandise that was returned from the August 24 purchase. The cost of the merchandise returned was $6,500. Required: