PROBLEMS Problem 5-1 April 1 April 2 Listed below is a list of transactions from the XYZ Merchandising firm. Purchased supplies on account, $500. Sold merchandise on account, $1,500; 2/10, n/30. FOB destination, Myers Shipping. Received shipping bill from Myers Shipping firm for April 2nd sale, $250. Payment is to be made in 30 days. Purchased merchandise on account $2,500; 2/10, n/30. FOB shipping point, U.S. Rail. Received payment from April 2nd sale, $1,470. Paid Myers shipping, $250 (see April 7th ) Paid $3,000 on accounts payable. Paid office salaries, $1,500. Purchased merchandise $1,000 on account, 2/10, n/30. FOB destination Sold merchandise, $500 cash. April 7 April 10 April 12 April 17 April 20 April 25 April 28 April 30 Required: 1. Journalize each of the transactions