Omega Distributing Company uses the perpetual inventory system and engaged in the following transactions during April of the current year (Click the icon to view the transactions.) Required More Info 1. Journalize the preceding transactions on the books of Omega Distributing Company 2. Suppose the balance in Inventory was $22,000 on April 1 What is the balance in inventory on April 302 Apr 3 Purchased office supplies for cash, $29,000. Requirement 1. Joumalize the transactions on the books of Omega Distributing Company 7 Purchased inventory on credit terms of 3/10, net eom, $80,000 8 Returned 25 percent of the inventory purchased on April 7. It was not the inventory ordered. April 3. Purchased office supplies for cash $29,000 (Record debits first, then credits. Exclude explan 10 Sold goods for cash, $21,000 (cost, $12,600). Journal Entry 13 Sold inventory on credit terms of 2/15 n/45, for $168,000, less a $16,800 quantity discount offered to customers who purchase in large quantities (cost, $100,800) Date Accounts Debit Credit 16 Paid the amount owed on account from the purchase of April 7. less the discount and the return 17 Received wrong-sized inventory as a sales return from April 13 sale, $18,000, which is the net amount after Apr the quantity discount Omega's cost of the inventory received was $10,800 18 Purchased inventory of $168,000 on account. Payment terms were 2/10, net 30. 26 Paid supplier for goods purchased on April 18 28 Received cash in full settlement of the account from the customer who purchased inventory on April 13 30 Purchased inventory for cash $90,000, less a quantity discount of $9,000, plus freight charges of $3 200 Print Done Choose from any list or enter any number in the input fields and then click Check