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, $60,000, terms FOB shipping point, 2/10, n/30. Swan paid freight of $1,825, which was added to the invoice. The cost of the goods sold was $33,650. 8. Swan Company sold merchandise on account to Bird Company, $51,700, terms FOB destination, 1/15, n/eom. The cost of the goods sold was $29,930. 8. Swan Company paid freight of $1,220 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, $66,820, terms FOB shipping point, n/eam. The cost of the goods sold was $36,350. 25. Swan Company paid Bird Company a cash refund of $2,510 for damaged merchandise in the April 8 sale. Bird Company kept the 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. Date Account Apr. 2 Accounts Receivable-Bird Company Debit 60,000. Credit 1. Journalize the April transactions for Swan Company (the seller). If an amount box does not require an entry, leave it blank. Date Account Apr. 2 Accounts Receivable-Bird Company Sales Credit Debit 60,000 60,000 Date Account Apr. 2 Accounts Receivable-Bird Company Cash Date Account Apr. 21 Cost of Goods Sold Inventory Date Account Apr. 8 Accounts Receivable-Bird Company Date Sales Account Cost of Goods Sold Debit Credit 1,825 1,825 Debit 33,650 Credit 33,650 Debit Credit 51,700 51,700 Debit 29,930 Credit Date Apr. 8 Accounts Receivable-Bird Company Sales Date Account Apr. 8 Cost of Goods Sold Inventory 51,700 51,700 Debit Credit 29,930 29,930 Date Account Debit Credit Apr. 8 Delivery Expense 1,220 Cash 1,220 Date Apr 12 Cash Account Accounts Receivable-Bird Company Date: Apt 23 Cash Account Check My Work 2 more Coeo My Wine maming Debit Credit Debit Credit Prevoluit Date Apr. 23 Cash Account Accounts Receivable-Bird Company Date Account Apr. 24 Accounts Receivable-Bird Company Sales Date Account Apr. 241 Cost of Goods Sold Inventory Debit Credit Debit Credit Debit Credit Date Account Debit Credit Apr. 25 Customer Refunds Payable Cash Date Apt 30 Cash Account Accounts Receivable-Bird Company Debit Credit now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress=false eBook Date Apr. 30 Cash Print item Account Accounts Receivable-Bird Company Debit Credit 2. Journalize the April transactions for Bird Company (the buyer). If an amount box does not require an entry, leave it blank. Date Apr. 21 Inventory Account Accounts Payable-Swan Company Date Apr. 8 Inventory Date Account Accounts Payable-Swan Company Account Apr. 12 Accounts Payable-Swan Company Cash Debit Credit Debit Credit Debit Credit Apr. 231 Accounts Payable-Swan Company Cash Date Apr. 241 Inventory Account Accounts Payable-Swan Company Date Account Apr. 25 Cash Inventory Credit Debit Credit Debit Credit Date Account Debit Credit Apr. 261 Inventory Cash Date Account Apr. 30 Accounts Payable-Swan Company Cash Debit Credit