nple Products Inc. was incorporated on April 1, 2019 to operate a mer siness. The company uses the perpetual inventory system. All its sales count are made according to the following terms: 2/10,n30. Its transe ring April 2019 were: Apr. 1 Issued common stock for $3,000 cash to Ross Sims, the incorporator and sole shareholder of the corporation 1 Purchased $4,000 of merchandise on account from Springfield Wholesalers Inc. for terms 2/10,n30 1 Sold $3,000 of merchandise on account to Authentic Products Corp. (Cost to Simple: $2,000 ) 2 Collected $500 for a cash sale made today to Georges Pierre Ltd. (Cost: $400 ) 2 Purchased $750 merchandise on account from White Whale Wholesalers Ltd. for terms n30 2 Sold $1,200 of merchandise on account to Champagne Stores Inc. (Cost: $800 ) 5 Received half the amount due from Authentic Products Corp. for the April 1 purchase (less discount on payment) 8 Received the amount due from Champagne Stores Inc. for the April 2 purchase (less discount) 9 Paid Springfield Wholesalers Inc. for the April 1 purchase (less discount on payment) 10 Purchased $2,000 of merchandise on account from Ritz Distributors Inc. for terms 2/15,n30 11 Sold $500 of merchandise on account to Premier Sales Inc. (Cost: $300) 12 Premier Sales Inc. returned $100 of merchandise; adjusted the records accordingly. (Cost: $80 ) 15 Received a notification from White Whale Wholesalers 15 Received a notification from White Whale Wholesalers Ltd. that $150 of defective merchandise included in the April 2 purchase and subsequently returned will not need to be paid. 15 Purchased $1,500 of merchandise on account from Breakwater Distributors Inc. for terms 2/10,n30 19 Purchased $1,250 of merchandise on account from Brown Gull Sales Ltd. for terms n 30 20 Sold $2,000 of merchandise on account to Salari Corp. (Cost: $1,700) 20 Received the amount due from Premier Sales Inc. for the April 11 purchase (less return and less discount) 22 Paid Ritz Distributors Inc. for the April 10 purchase (less discount on payment) 24 Paid Breakwater Distributors Inc. for the April 15 purchase (less discount on payment) 27 Sold $800 of merchandise on account to Rook Emporium Corp. (Cost: \$500) 30 Paid Rapide Delivery Inc. $200 for deliveries made to customers during the month 30 Paid Fast Forwarders Ltd. \$500 for transportation to the warehouse during the month. (All purchases are fob shipping point.) Assume ending inventory was counted on April 30 and valued at $4,000. Required: Prepare journal entries to record the April transactions and adjust the Merchandise Inventory account at month-end