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Draw Layout Review View Table 12 B 3. Prepare journal entries to record the following...

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Draw Layout Review View Table 12 B 3. Prepare journal entries to record the following transactions for a retail store. The Apr. 2 Purchased $4,600 of merchandise from Lyon Company with credit termsof 4 Returned to Lyon Company unacceptable merchandise that had an invoice 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount 18 Purchased $8,500 of merchandise from Frist Corp. with credit terms of 1/10, company uses a perpetual inventory system and the gross method. 2/15, n/60, invoice dated April 2, and FOB shipping point. 3 Paid $300 cash for shipping charges on the April 2 purchase. 9 price of $600. and the returned merchandise. n/30, invoice dated April 18, and FOB destination. owed on the April 18 purchase. the discount. 21 After negotiations, received from Erist a $500 allowance toward the $8,500 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and

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