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Transactions that took place during the month of April for Cherry Merchandising Company are as...

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Accounting

Transactions that took place during the month of April for Cherry Merchandising Company are as follows. Journalize the transactions of Cherry Merchandising Company.

April 3

Purchased 4,000 units of merchandise for $ 400,000, n/30; 3/10,FOB Destination.

April 7

Purchased 2,000 units of merchandise for $ 200,000, n/45; 5/10, FOB Shipping point.

Paid $200 for transportation.

April 12

Paid for the merchandise purchased on April 3.

April 15

Sold 600 units of merchandise-purchased on April 3, for $120,000, n/30; 4/10, FOB Destination. Paid $450 for the transportation.

April 18

Received payment from the sale of April 15.

April 20

Sold 900 units of merchandise-purchased on April 7- for $ 180,0000; n/45; 5/10 FOB Shipping Point.

April 30

Paid for the merchandise purchased on April 7.

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