Journalize the following transactions. Assume a perpetual inventory system. 201X Apr. 8 Purchased merchandise on account from

Question:

Journalize the following transactions. Assume a perpetual inventory system.
201X
Apr. 8 Purchased merchandise on account from Bachand Supplies, $19,000; terms 3/10, n/30.
15 Sold merchandise on account, $3,500; terms 3/10, n/30. The cost of merchandise was $2,000.
20 Received credit from Bachand Supplies for merchandise returned, $150.