Please note there are account payable either first or by Lyonp

account receivable either first or lyon

also has bonds payable or discouont on bonds payable

interested payable or

Prepare journal entries to record each of the following merchandising transactions assuming that the buyer uses the periodic inventory system and the gross method. 2 Purchased $4,900 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. 3 Paid $274 cash for shipping charges on the April 2 purchase 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $900 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased $10,500 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. Apr 21 After negotiations, received from Frist a $600 allowance toward the $10,500 owed on the April 18 purchase 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. Journal entry worksheet 2 1 3 4 5 6 7 Purchased $4,900 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. Note: Enter debits before credits. Date General Journal Debit Credit Apr 02 Record entry Clear entry View general journal Journal entry worksheet