Prepare journal entries to record each of the following merchandising transactions assuming that the buyer uses the periodic inven system and the gross method. April 2 Purchased $6,900 of merchandise from Lyon Company with credit terms of 2/15,n/60, invoice dated April 2, FOB shipping point. April 3 Paid $386 cash for shipping charges on the April 2 purchase. April 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $900. April 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. April 18 Purchased $14,500 of merchandise from Frist Corporation with credit terms of 1/10,n/30, invoice dated Ap 18 , and FOB destination. April 21 After negotiations over scuffed merchandise, received from Frist a $500 allowance toward the $14,500 owed 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 Note: Enter debits before credits. Answer is not complete. \begin{tabular}{|c|c|c|c|c|c|} \hline No & Date & \multicolumn{2}{|c|}{ General Journal } & Debit & Credit \\ \hline \multirow[t]{2}{*}{1} & April 02 & Purchases & & 6,900 & \\ \hline & & Accounts payable-Lyon & & & 6,900 \\ \hline \multirow[t]{2}{*}{2} & April 03 & Merchandise inventory & x & 386 & \\ \hline & & Cash & & & 386 \\ \hline \multirow[t]{2}{*}{3} & April 04 & Accounts payable-Lyon & & 900 & \\ \hline & & Merchandise inventory & & & 900 \\ \hline \multirow[t]{3}{*}{4} & April 17 & Accounts payable-Lyon & & & \\ \hline & & Merchandise inventory & & & \\ \hline & & Cash & 2 & & \\ \hline \multirow[t]{2}{*}{5} & April 18 & Merchandise inventory & & 14,500 & \\ \hline & & Accounts payable-Frist & & & 14,500 \\ \hline \multirow[t]{2}{*}{6} & April 21 & Accounts payable-Frist & & 500 & \\ \hline & & Merchandise inventory & & & 14,500 \\ \hline \multirow[t]{3}{*}{7} & April 28 & Accounts payable-Frist & 2 & & \\ \hline & & Merchandise inventory & & & \\ \hline & & Cash & 2 & & \\ \hline \end{tabular}