The following are selected transactions of the Montanez company during the month of April 2019.

3. The tollowing are selected transactions of the Montanez Company during the month of April 2019 Required: Prepare the journal entries to zecord each transaction. (Omit Explanations) Apr. 1. Established a $550 Petty Cash fund. . 3. Sold and shipped $7,400 of serchandise to customer, Taylor co. Credit terms of the sale vere 2/10, n/30. 5. Received merchandise and an invoice from Eastern Co. The purchase terns were 2/10, n/30, F..B. shipping point. The invoice amount of $14,850 included freight charges of $850. 7. Returned $1.000 of defective nerchandise to Eastern Co. from our purchase on April 13. Receited payment trom taylor co. in tull payment of our sale made to them on April 3e. 15. Issued a check to Eastern Co. in payment of our April 5 purchase. 27. Sold merchandise for $21.400. 30. Issued a check to the petty cashier to repienish the petty cash Fund. The cash on hand was 3244, and there were receipts fors office Supplies Postage Travel Delivery Charges 110 41 89