Purchased merchandise from Lyon Company under the following terms: $3,500 price, invoice dated April 2, credit terms of 2/15, n/60, and FOB shipping point. Paid $196 for shipping charges on the April 2 purchase Returned to Lyon Company unacceptable merchandise that had an invoice price of $500. Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise Apr. 2 3 4 17 18 Purchased merchandise from Frist Corp. under the following terms: $7,450 21 After negotiations, received from Frist a $2,086 allowance on the April 18 28 Sent check to Frist paying for the April 18 purchase, net of the discount and price, invoice dated April 18, credit terms of 2/10, n/30, and FOB destination. purchase. allowance. Prepare journal entries to record the above transactions for a retail store. Assume a perpetual inventory system. View transaction list Journal entry worksheet 5 Purchased merchandise from Lyon Company under the following terms: $3,500 price, invoice dated April 2, credit terms of 2/15, n/60, and FOB shipping point