More info More info Cash 101; Accounts Receivable 112; Merchandise Inventory 120; Store Equipment 124; Accounts Payable 201; J. Jeanne, Capital 301; Sales 401; Sales Discounts 412; Sales Returns and Allowances 414; Cost of Goods Sold 501. April 2: Purchased merchandise on account from Beech Suppliers, $3 , 500 ; terms 2/10 , n /30 . April 4: Sold merchandise on account, $520 ; terms 2/10 , n /30 . The cost of the merchandise sold was $260 . Begin by journalizing the sale. (Do not record the expense related to the sale. We will do that in the following step. Now journalize the cost of the merchandise sold. April 4: Received credit from Beech Suppliers for merchandise returned, $160 . April 10: Received collections in full, less discounts, from April 4 sales. April 11: Paid Beech Suppliers in full, less discount. (Round to the nearest whole dollar as reded.) April 14: Purchased store equipment for cash, $290 . April 15: Purchased $1 , 700 of merchandise from Soucy Distribution for cash. April 16: Recelved a refund due to defective merchandise from supplier on cash purchase of $80 . April 17: Purchased merchandise on account from Tustin Corp., $3 , 700 , F. B. shipping point (buyer pays freight), terms 2/10 , n/30. Freight to be paid on April 21. April 18: Sold merchandise for $2 , 700 cash; the cost of merchandise sold was $1 , 650 . Begin by journalizing the sale. (Do not record the expense related to the sale. We will do that in the following step.) Now journalize the cost of the merchandise sold. April 21: Paid freight on April 17 purchase, $130 . April 26: Paid Tustin Corp. in full, less discount. April 27: Made refunds to cash customers for defective toys, $190 . The cost of the defective toys was $100 . Begin by joumalizing the refund. (Do not record the cost related to the refund. We will do that in the following ste Now journalize the cost of the defective toys