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please help fix the wrong answers. part A part b Exercise 4-3 (Algo) Recording purchases, purchases returns, and purchases allowances LO P1 Prepare journal entries
please help fix the wrong answers.
Exercise 4-3 (Algo) Recording purchases, purchases returns, and purchases allowances LO P1 Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. April 2 Purchaeed $3,700 of merchandise from Lyon conpany with eredit terns of 2/15, n/60, invoice dated April 2, and FOB shipping point. April 3 Paid $350 cash for shipping charges on the April 2 purehase. April 4 Returned to Lyon Company unacceptable merchandise that had an involce price of $900. Apri1 17 Sent a eheck to Lyon Company for the Apri1 2 purehase, net of the discount and the returned merchandise. Apri1 18 Purehased $6,700 of merchandise from Frist Corporation with eredit terns of 1/10, n/30, Invoice dated April 18, and FoB destination. Apri1 21 After negotiations over scuffed merchandise, received from Frist a $600 allowance toward the $6,700 owed on the April 18 purchase. Apri1 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the diecount. Answer is complete but not entirely correct. Answer is complete but not entirely correct. The following list includes temporary accounts from the December 31 adjusted trial balance of Emiko Company. Use these normal account balances to journalize closing entries. Answer is complete but not entirely correct part A
part b
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