Sales and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System The following selected transactions were completed during April between Swan Company and Bird Company. Both companies use the net method under a perpetual inventory system. Apr. 2. Swan Company sold merchandise on account to Bird Company, $58,700, terms FOB shipping point, 2/10, n/30. Swan paid frei which was added to the invoice. The cost of the goods sold was $34,770. 8. Swan Company sold merchandise on account to Bird Company, $46,100, terms FOB destination, 1/15, n/eom. The cost of the was $31,270. 8. Swan Company paid freight of $1,100 for delivery of merchandise sold to Bird Company on April 8. 12. Bird Company paid Swan Company for purchase of April 2. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $65,240, terms FOB shipping point, n/eom. The cost of the go $37,610. 25. Swan Company paid Bird Company a cash refund of $2,280 for damaged merchandise in the April 8 sale. Bird Company kept t merchandise. 26. Bird Company paid freight of $825 on April 24 purchase from Swan Company. 30. Bird Company paid Swan Company on account for purchase of April 24. Required: 1. Journalize the April transactions for Swan Company (the seller). If an amount box does not require an entry, leave it blank. 1. Journalize the April transactions for Swan Company (the seller). If an amount box does not require an entry, leave it blank. Date Account Debit Credit Apr. 2 Accounts Receivable-Bird Company 0 x o Sales 0 Date Account Debit Credit Apr. 2 Accounts Receivable-Bird Company 0 x 0 Cash 0 0 X Date Account Debit Credit Apr. 2 Cost of Goods Sold 0 o Inventory o 0 X Date Account Debit Credit Apr. 8 Accounts Receivable-Bird Company 0 X 0 Sales 0 0 x Date Account Debit Credit Anr. 8 Cost of Goods Sold 0 X Date Account Debit Credit Apr. 8 Cost of Goods Sold 0 x 0 Inventory o 0 X Date Account Debit Credit Apr. 8 Delivery Expense 825 X 0 Cash o 825 x Date Account Debit Credit Apr. 12 Cash 0 0 Accounts Receivable-Bird Company o 0 X Date Account Debit Credit Apr. 23 Cash 0 X o Accounts Receivable-Bird Company 0 ox Date Account Debit Credit Apr. 24 Accounts Receivable-Bird Company 0 x o Sales 0 0 x Date Account Debit Credit Apr. 24 Cost of Goods Sold 37,610 0 Inventory 0 37,610 Date Account Debit Credit Apr. 25 Customer Refunds Payable 2,280 0 Cash 0 2,280 Date Account Debit Credit Apr. 30 Cash 0 0 Accounts Receivable-Bird Company o 2. Journalize the April transactions for Bird Company (the buyer). If an amount box does not require an entry, leave it blank. Date Account Debit Credit Apr. 2 Inventory 0 x o Accounts Payable-Swan Company o Date Account Debit Credit Apr. 8 Inventory 0 0 Sales and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System The following selected transactions were completed during April between Swan Company and Bird Company. Both companies use the net method under a perpetual inventory system. Apr. 2. Swan Company sold merchandise on account to Bird Company, $58,700, terms FOB shipping point, 2/10, n/30. Swan paid frei which was added to the invoice. The cost of the goods sold was $34,770. 8. Swan Company sold merchandise on account to Bird Company, $46,100, terms FOB destination, 1/15, n/eom. The cost of the was $31,270. 8. Swan Company paid freight of $1,100 for delivery of merchandise sold to Bird Company on April 8. 12. Bird Company paid Swan Company for purchase of April 2. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $65,240, terms FOB shipping point, n/eom. The cost of the go $37,610. 25. Swan Company paid Bird Company a cash refund of $2,280 for damaged merchandise in the April 8 sale. Bird Company kept t merchandise. 26. Bird Company paid freight of $825 on April 24 purchase from Swan Company. 30. Bird Company paid Swan Company on account for purchase of April 24. Required: 1. Journalize the April transactions for Swan Company (the seller). If an amount box does not require an entry, leave it blank. 1. Journalize the April transactions for Swan Company (the seller). If an amount box does not require an entry, leave it blank. Date Account Debit Credit Apr. 2 Accounts Receivable-Bird Company 0 x o Sales 0 Date Account Debit Credit Apr. 2 Accounts Receivable-Bird Company 0 x 0 Cash 0 0 X Date Account Debit Credit Apr. 2 Cost of Goods Sold 0 o Inventory o 0 X Date Account Debit Credit Apr. 8 Accounts Receivable-Bird Company 0 X 0 Sales 0 0 x Date Account Debit Credit Anr. 8 Cost of Goods Sold 0 X Date Account Debit Credit Apr. 8 Cost of Goods Sold 0 x 0 Inventory o 0 X Date Account Debit Credit Apr. 8 Delivery Expense 825 X 0 Cash o 825 x Date Account Debit Credit Apr. 12 Cash 0 0 Accounts Receivable-Bird Company o 0 X Date Account Debit Credit Apr. 23 Cash 0 X o Accounts Receivable-Bird Company 0 ox Date Account Debit Credit Apr. 24 Accounts Receivable-Bird Company 0 x o Sales 0 0 x Date Account Debit Credit Apr. 24 Cost of Goods Sold 37,610 0 Inventory 0 37,610 Date Account Debit Credit Apr. 25 Customer Refunds Payable 2,280 0 Cash 0 2,280 Date Account Debit Credit Apr. 30 Cash 0 0 Accounts Receivable-Bird Company o 2. Journalize the April transactions for Bird Company (the buyer). If an amount box does not require an entry, leave it blank. Date Account Debit Credit Apr. 2 Inventory 0 x o Accounts Payable-Swan Company o Date Account Debit Credit Apr. 8 Inventory 0 0