Prepare journal entries to record the following transactions for a retail store. The company uses a perpet- Exercis Recordi purchas purcha ual inventory system and the gross method Apr dated April 2, and FOB shipping point. P1 3 Paid $300 cash for shipping charges on the April 2 purchase. 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned 18 Purchased $8,500 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice 21 After negotiations, received from Frist a S500 allowance toward the $8,500 owed on the 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. merchandise dated April 18, and FOB destination. April 18 purchase. Ch