Prepore journsl entries to record each of the following merchandising transactions assuming that the buyer uses the periodic inventory system and the gross method.

Apri$12.$ Purchascd $$3,90$e of merehandise from Lyon company with eredit terms of $2/15,$ n$/$se$,$ invoice dated Apri$12,$ and Fo$8$ shipping point.

April $3$ Paid $$218$ cash for sthapping charges on the Apri$12$ purchase.

Apr$114$ Returned to Lyon Conpany unoccoptable nerchandise that had an invoice price of Iceg. destination.

Apri$121$ After negotiations over sculfed merchandisc. roceived frem frist a $$4$e$0$ allowance toward the g$8,$ soe oued on the April $18$ punchase.

Apri$128$ sent chock to frist payang for the Apr $1118$ purchase, not of the allowance and the discount.

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Journal entry worksheet

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$4$

$5$

$6$

$7$

Purchased $53,900$ of merchandise from Lyon Compary with credit terme of $2/15,$ n$/60,$ invalce dated April $2,$ and rOB stipping point.

$\backslash$table$[[$Date$,$ceneral Joumal,Deblt: credit,$],[$Aprille$,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$