QUESTION 1 (18 marks) Britt Enterprise had the following transactions in April. Britt uses the perpetual inventory system Apr 4. Apr 2. Britt received a $18,800 sales invoice from the ABC, supplier. Of the amount, $18,000 is for merchandise with terms 2/10 n/30 and FOB shipping point. The $800 is for transportation cost, which the supplier pays for Britt on behalf and to be billed in the invoice. Britt returned $2,500 of the merchandise billed on April 2 because it was defective. Apr 5. Britt sold $8,000 of merchandise on account, terms 3/15 n30, FOB shipping point to Snow Ltd. The transportation fees were $200. The cost of goods sold was $3,600. Apr 10. Britt paid the outstanding balance to ABC for the April 2 purchase. Apr 15. Snow Ltd returned $500 of merchandise because it was of a wrong model. The cost of goods returned was $225. Apr 19. Britt received payment on the remaining amount due from Snow Ltd. Required: Prepare journal entries for the above transactions (April 2 to April 19) for Britt Enterprise. Explanation is NOT required