Question 5) Michigan Distributing Company completed these merchandising transactions in the month of April. #S Buyer Apr. 2 Purchased merchandise on account from NM-Bev Inc. $9,100, terms 4/10, n/30. - seller #1 - 4 seller #2-5 Buyer #7 Sold merchandise on account $7,400, terms 2/10, n/30. The cost of the merchandise sold was $4,100. Paid $380 freight on April 4 sale. 6 Received credit from NM-Bev Inc. for merchandise returned $525. Buyer #8 - 11 Paid NM-Bev Inc. in full. 13 Received collections in full from customers billed on April 4. 14 Purchased merchandise for cash $5,700. 16 Received refund from supplier for returned merchandise on cash purchase of April 14, $1,000. 18 Purchased merchandise from Lohr Distributors $6,600, terms 3/10, n/30. 20 Paid freight on April 18 purchase $190. 23 Sold merchandise for cash $7,900. The cost of the merchandise sold was $5,250. 26 Purchased merchandise for cash $6,900. 27 Paid Lohr Distributors in full. 29 Made refunds to cash customers for returned merchandise $320. The returned merchandise had a cost of $230. 30 Sold merchandise on account $4,120, terms n/30. The cost of the merchandise sold was $3,000. Instructions: Journalize the transactions using a perpetual inventory system (in color).

Question 5) Michigan Distributing Company completed these merchandising transactions in the month of April. \#5 Buper - Apr. 2 Purchased merchandise on account from NM-Bev Inc. $9,100, terms 4/10,n/30. Seluer $1 - 4 Sold merchandise on account $7,400, terms 2/10,n/30. The cost of the merchandise sold was $4,100. seller F75 Paid $380 freight on April 4 sale. - 6 Received credit from NM-Bev Inc. for merchandise returned $525. 11 Paid NM-Bev Inc. in full. - Buye =8 13 Received collections in full from customers billed on April 4. 14 Purchased merchandise for cash $5,700. 16 Received refund from supplier for returned merchandise on cash purchase of April 14, $1,000. 18 Purchased merchandise from Lohr Distributors $6,600, terms 3/10,n/30. 20 Paid freight on April 18 purchase $190. 23 Sold merchandise for cash $7,900. The cost of the merchandise sold was $5,250. 26 Purchased merchandise for cash $6,900. 27 Paid Lohr Distributors in full. 29 Made refunds to cash customers for returned merchandise $320. The returned merchandise had a cost of $230. 30 Sold merchandise on account $4,120, terms n/30. The cost of the merchandise sold was $3,000. Instructions: Journalize the transactions using a perpetual inventory system (in color)