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, $56,900, terms FOB shipping point, 2/10, n/30. Swan paid freight of $1,730, which was added to the invoice. The cost of the goods sold was $35,060. 8. Swan Company sold merchandise on account to Bird Company, $45,550, terms FOB destination, 1/15, n/eom. The cost of the goods sold was $30,070. 8. Swan Company paid freight of $1,050 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, $65,460, terms FOB shipping point, n/eom. The cost of the goods sold was $38,360. 25. Swan Company paid Bird Company a cash refund of $2,130 for damaged merchandise in the April 8 sale. Bird Company kept the merchandise. 26. Bird Company paid freight of $810 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 Debit Credit 56,900 X Apr. 2 Accounts Receivable-Bird Company Sales 56,900 X Date Account Debit Credit Apr. 2 Accounts Receivable-Bird Company 1,730 Cash 1,730 Date Account Debit Credit Apr. 2 Cost of Goods Sold 35,060 DULC ALLUUIIL DELIL LICUIL Apr. 8 Accounts Receivable-Bird Company 45,550 X Sales 45,550 x Date Debit Credit Account Cost of Goods Sold Apr. 8 30,070 Inventory 30,070 Date Account Debit Credit Apr. 8 Delivery Expense 1,050 Cash 1,050 Date Account Debit Credit Apr. 12 Cash 56,900 X Accounts Receivable-Bird Company 56,900 X Date Account Debit Credit Apr. 23 Cash 45,550 X Accounts Receivable-Bird Company 45,550 X Date Account Debit Credit Apr. 24 Accounts Receivable-Bird Company 65,460 Sales 65,460 Date Account Debit Credit Apr. 24 Cost of Goods Sold 38,360 Inventory 38,360