Swifty Corp. uses a periodic inventory system. The company had the following inventory transactions in April:

April	3		Purchased merchandise from Blue Spruce Ltd. for $26,000, terms 1/10, n/30, FOB shipping point.
	6		The appropriate company paid freight costs of $770 on the merchandise purchased on April 3.
	7		Purchased supplies on account for $5,050.
	8		Returned damaged merchandise to Blue Spruce and was given a purchase allowance of $3,700. The merchandise was repaired by Blue Spruce and returned to inventory for future resale.
	30		Paid the amount due to Blue Spruce in full.

1.		The cost of the merchandise sold on April 3 was $19,910.
2.		The cost of the merchandise returned on April 8 was $2,400.
3.		Blue Spruce uses a periodic inventory system.

Record the above transactions in Swiftys books and in the books of Blue Spruce. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Swifty Corp.

Date	Account Titles and Explanation	Debit	Credit
Apr. 3
6
7
8
30

Blue Spruce Ltd.

Date	Account Titles and Explanation	Debit	Credit
Apr. 3
6
7
8
30

List of Accounts

Assume that Swifty paid and Blue Spruce received the balance due on April 12 instead of April 30. Prepare the journal entry to record this payment on Swiftys books and collection on Blue Spruces books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Swifty Corp.

Date	Account Titles and Explanation	Debit	Credit
Apr. 12

Blue Spruce Ltd.

Date	Account Titles and Explanation	Debit	Credit
Apr. 12