Prepare journal entries to record each of the following merchandising transactions assuming that the buyer uses the periodic inventory system and the gross method. Apri1 2 Purchased $5,800 of merchandise from Lyon coepany with credit terms of 2/15, n/69, invoice dated April 2, and FOB shipping point. April 3 Paid $325 cash for shipping charges on the April 2 purchase. April 4 Returned to Lyon Cospany unacceptable merchandise that had an invoice price of $500. April 17 Sent a check to Lyon company for the April 2 purchase, net of the discount and the returned merchandise. April 18 Purchased $12,300 of merchandise froe Frist Corporation with credit terns of 1/10,n/30, invoice dated Apri1 18 , and FOB destination. Apri1 21 After negotiations over scuffed merchandise, received fron Frist a $500 allowance toward the $12,300 owed on the April 18 purchase. April 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. Journal entry worksheet 6 7 Paid $325 cash for shipping charges on the April 2 purchase. Note: Enter debits before credits. Journal entry worksheet Purchased $5,800 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. Journal entry worksheet 7 Returned to Lyon Company unacceptable merchandise that had an invoice price of $500. Note: Enter debits before credits. Journal entry worksheet 1 7 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. Note: Enter debits before credits. Journal entry worksheet 7 Purchased $12,300 of merchandise from Frist Corporation with credit terms of 1/10,n/30, invoice dated April 18, and FOB destination. Note: Enter debits before credits. Journal entry worksheet 1 (2.) 3 4 After negotiations over scuffed merchandise, received from Frist a $500 allowance toward the $12,300 owed on the April 18 purchase. Note: Enter debits before credits. Journal entry worksheet 1 2 4 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. Note: Enter debits before credits