Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. April 2 Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and 100 shipping point. April 3 Paid $300 cash for shipping charges on the April 2 purchase. April 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600. April 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. Purchased $8,500 of merchandise from Frist Corporation with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. April 18 April 21 After negotiations over scuffed merchandise, received from Frist a $500 allowance toward the $8,500 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. View transaction list Journal entry worksheet < 2 34 5 7 Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. Journal entry worksheet < 2 3 4 5 6 7 Paid $300 cash for shipping charges on the April 2 purchase. Note: Enter debits before credits. Date Apr 03 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 4 5 6 7 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600. Note: Enter debits before credits Date Apr 04 General Journal Debit Credit View general journal Record entry Clear entry > Journal entry worksheet 1 2 3 4 5 6 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. Date Apr 17 General Journal Debit Credit 4 View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 Purchased $8,500 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. Date Apr 18 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 After negotiations over scuffed merchandise, received from Frist a $500 allowance toward the $8,500 owed on the April 18 purchase. Note: Enter debits before credits. Date Apr 21 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. Note: Enter debits before credits. Date Apr 28 General Journal Debit Credit Record entry Clear entry View general journal