(Answered) Question krey distributing company completed these

Accounting

Question: Krey Distributing Company completed these merchandising transactions in the month of April.

Apr. 2 Purchased merchandise on account from Am-Bev Co. $8, 700, terms 2/10, n/30.

4 Sold merchandise on account $6,000, terms 2/10, n/30. The cost of the merchandise sold was $3, 700

5 Paid $200 freight on April 4 sale.

6 Received credit rom Am-Bev Co. for merchandise returned $400.

11 Paid Am-Bev Co. in full.

13 Received collections in full from customers billed on April 4

14 Purchased merchandise for cash $4,700.

16 Received refund from supplier for returned merchandise on cash purchase of April 14, $500.

18 Purchased merchandise from Lohr Distributors 5, 500, terms 2/10, n/30.

20 Paid freight on April 18 purchase $180.

23 Sold merchandise for cash $8,300. The cost of the merchandise sold was $5,580.

26 Purchased merchandise for cash $2,300.

27 Paid Lohr Distributors in full.

29 Made refunds to cash customers for returned merchandise $180. The returned merchandise had a cost of $120.

30 Sold merchandise on account $3, 980, terms n/30. The cost of the merchandise sold was $2,500.

Instructions: Journalize the transactions using a perpetual inventory system (in color).

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