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Business, 11.02.2020 05:03 dtilton2003

Apr. 2 Purchased merchandise from Lyon Company under the following terms: $4.600 price. invoicedated April 2. credit terms of 2/15, N60. and F08 shipping point.3 Paid $300 for shipping charges on the April 2 purchase.4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600.17 Sent 3 check to Lyon Company for the April 2 purchase, net of the discount and the returnedmerchandise.18 Purchased merchandise from Frist Corp. under the following terms: $8.500 price. invoice datedApril 18, credit terms of 2110, n/30, and F08 destination.21 Alter negotiations, received from Fn'st a $1,100 allowance on the April 18 purchase.28 Sent check to Frist paying for the April 18 purchase, net of the discount and allowance. Prepare journal entries to record the above transactions for a retail store. Assume a perpetual inventorysystem.

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Apr. 2 Purchased merchandise from Lyon Company under the following terms: $4.600 price. invoicedated...

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