Problem 2 The following is a series of related transactions between Company A, a wholesaler, and Company B, a chain of retail shoe stores: April 9. Company A sold to Company B 450 units of product X on account, terms 3/15, n/60. The cost of product to company A was $210 per unit and the sales price was $250 per unit. April 12. Kazpost Express charged $2,000 for delivering this merchandise to Company B. This charge was fully paid by Company B. April 20. Company B returned 100 units of product to Company A because they were defective. Company A allowed to Company B full credit for this return. April 22. Company B paid the remaining balance due to Company A within the discount period. Instructions a. Record this series of transactions in the general journal of Company A (The company records sales at sales gross price.) b. Record this series of transactions in the general journal of Company B (The company records purchases of merchandise at net cost and uses a Transportation expense account to record charges from Kazpost.) c. Assume Company B failed to make a payment on April 22 and did it on April 30 instead. Make a journal entries for April 30 for both Company A and Company B.