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some of them are wrong help Exercise 4-3 (Algo) Recording purchases, purchases returns, and purchases allowances LO P1 Prepare journal entries to record the following

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Exercise 4-3 (Algo) Recording purchases, purchases returns, and purchases allowances LO P1 Prepare journal entries to record the following transactions for a retall store. The company uses a perpetual inventory system and the gross method. April 2 Purchased 55,900 of merchandise from Lyon Company with credit teras of 2/15, n/60, invoice dated April 2, and foe shipping point. April 3 Paid $370 cash for shippine charges on the April 2 purchase. April 4 Returned to Lyon Company unacceptable nerchandise that had an invoice price of $700. April 17 Sent a check to Lyon Coepany for the April 2 parchase, net of the discount and the returned nerchandise. Apri1 18 Purchased $11,100 of nerchandise fron Frist Corporation with credit terns of 1/10, n/30, invoice dated April 18 , and fos destination. April 21 After negotiations over scuffed merchandise, received froe Frist a \$690 allowance toward the $11,198 owed on the April 18 purchase. April 28 Sent check to Frist paying for the Aprit 18 purchase, net of the allowance and the discount

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