The following purchase-related transactions for Bailey, Inc., occurred during the month of April. (Click the icon to view the transactions.) Requirement 1. Journalize the transactions for Bailey, Inc. assuming the "net" method is used. No explanations are necessary. (Record debits first, then credits. Exclude explanations from any journal entries.) Apr 3: Purchased $4,200 of merchandise, paid cash. Journal Entry Date Accounts Debit Credit Apr 3 More info Apr 3 Purchased $4,200 of merchandise, paid cash. 9 Purchased $750 of supplies on account from Bulk Purchases Unlimited. Terms, n/30, FOB destination. 16 Purchased $7,300 of merchandise on account from Pet Supplies, Inc. Terms, 3/15, n/30, FOB shipping point. 22 Received a credit memo in the amount of $1,000 from Pet Supplies, Inc., for damaged goods from the April 16 purchase that were returned. 28 Paid for the supplies purchased on April 9. 28 Paid Pet Supplies, Inc., in full for the April 16 purchase. Print Done hased $4,200 of merchandise, paid cash. Journal Entry e Accounts 3 le Accounts payable Cash Cost of goods sold Inventory Sales revenue Supplies Get more help C