Partial List of Accounts 1 Cash 101: Accounts Receivable 112; Merchandise Inventory 120; Store Equipment 124; Accounts Payable 201; J. Quint, Capital 301; Sales 401; Sales Discounts 412; Sales Returns and Allowances 414; Cost of Goods Sold 501. April 201X Transactions Apr. 2 Apr. 4 Apr. 4 Purchased merchandise on account from Irving Suppliers, $2,800; terms 1/10, n/30. Sold merchandise on account, $1,500; terms 1/10, n/30. The cost of the merchandise sold was $450. Received credit from Irving Suppliers for merchandise returned, $200. Received collection in full, less discounts, from April 4 sales. Purchased store equipment for cash, $290. Purchased $1,100 of merchandise from Frank Distribution for cash. Received a refund due to defective merchandise from supplier on cash purchase of $120. Purchased merchandise on account from Ting Corp., $3,900, F.O.B. shipping point (buyer pays freight); terms 1/10, n/30. Freight to be paid on April 21. Apr. 10 Apr. 11 Paid Irving Suppliers in full, less discount. Apr. 14 Apr. 15 Apr. 16 Apr. 17 Apr. 18 Apr. 21 Apr. 25 Apr. 26 Apr. 27 Sold merchandise for $2,700 cash; the cost of merchandise sold was $1,250. Paid freight on April 17 purchase, $95. Purchased merchandise on account from Boutin Co., $1,100, F.O.B. destination (seller pays freight); terms 1/10, n/30. Paid Ting Corp. in full, less discount. Made refunds to cash customers for defective toys, $210. The cost of the defective toys was $100.