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Problem 7 30 points Presented here are selected transactions for the Pittsburgh Company during April. Pittsburgh us- es the perpetual inventory system. Prepare the necessary journal entries. April 1 Sold merchandise to Jagr Company for $30,000, terms 2/10,n/30. The merchan- dise sold had a cost of $13,000 4 Purchased merchandise from Crosby Company for $55,000, terms 2/10, n/30. 6 Received payment from Jagr Company for purchase of April 1. 8 Returned merchandise to Crosby Company costing $5,000. 10 Paid Crosby Company for April 4 purchase