Prepare joumal entries to record the following transactions for a retall store. The company uses a perpetual inventory system and the gross method. April 2 Purchased $5,500 of merchandise from Lyon Company with credit teras of 2/15, o/6e, invoice dated April 2 , and foB ihipping point. April 3 Paid $400 cash for shipping charges on the April 2 purchase. Apri1 4 Returned to tyon Company unaceptable eerchandise that had an invoice price of 5450. April 17 Sent a check to tyon Company for the April 2 purchase, net of the discount and the returned merchandise, Apri1 18 Purchased $10,300 of merchandise fron Frist Corporation with credit terns of 1/10, n/39, involce dated Aprit 18 , and Fon destination. purchose April 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. Journal entry worksheet