Sales-Related 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: Apr. 2. Swan Company sold merchandise on account to Bird Company, $13,200, terms FOB shipping point, 1/10, 1/30. Swan Company paid freight of $420, which was added to the invoice. The cost of the merchandise sold was $8,300. 8. Swan Company sold merchandise on account to Bird Company, $24,000, terms FOB destination, 2/15, n/30. The cost of the merchandise sold was $14,400 8. Swan Company paid freight of $570 for delivery of merchandise sold to Bird Company on April 8. 12. Bird Company paid Swan Company for purchase of April 2. 18. wan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $11,600, terms FOB shipping point, 1/45. The cost of the merchandise sold was $7,000. 26. Bird Company paid freight of $320 on April 24 purchase from Swan Company Required: 1. 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 Merchandise Inventory 13,620 X Accounts Payable-Swan Company 13,620 X Date Account Debit Credit Apr. & Merchandise Inventory 24,000 X Accounts Payable-Swan Company 24,000 X 1. Journalize the April transactions for Bird Company (the buyer). If an amount box does not require an entry, leave it bank. Date Account Debit Credit Apr. 2 Merchandise Inventory 13,620 X Accounts Payable-Swan Company 13,620 X Date Account Debit Credit 24,000 x Apr. 8 Merchandise Inventory Accounts Payable-Swan Company 24,000 X Date Account Debit Credit