Question II ABC Group, Inc. uses the following accounts to book its merchandising transactions: 1.Cash 2. Accounts Receivable 3. Merchandise Inventory 4. Accounts Payable 5. Sales Revenue 6. Sales Discount Forfeited 9. Cost of Goods Sold 10. Delivery Expense 7. Refunds Payable 8. Estimated Returns Inventory Prepare general journal entries for the ABC Group, Inc. transactions below. 4/1/2023 Purchased $35,000 merchandise from Dominion Inc. on account, terms -2/15; N/30, FOB destination. Debit Credit dons Oer.r 4/2/2023 Paid freight cost associated with 4/1/2023 purchase - $215. rose B) coins Oc oc Debit Credit 4/5/2023 Sold merchandise to Spencer Sporting - $10,000, terms 1/10; N/30. The cost of merchandise sold was $4,800. Debit Credit 4/6/2023 4/7/2023 Returned to Dominion Inc. $6,000 of defective merchandised purchased on 4/1/2023 -berglow gritting Debit Credit Cash sales of merchandise to Kickstart Corporation $7,000. ABC Group, Inc. agrees to pay the shipping cost. Cost of merchandise sold $2,500. Debit _ Credit 4/10/2023 Gave cash credit to Kickstart Corporation for merchandise returned $1,500 (cost of sales $500). Debit Credit 4/12/2023 Paid Dominion for purchases of 4/1/2023 less discount and returns of 4/6/2023. Debit Credit 4/13/2023 ABC Group, Inc. paid the shipping cost associated with 4/7/2023 sale $100. Debit Credit Debit Credit Cash purchase of $9,000 merchandise from Dominion Inc. Accepted payment from Spencer Sporting for 4/5/2023 sale. Note payment was made after 4/15/2023 4/20/2023 the discount period. Debit Credit