Jeanne's Toy Shop completed the following merchandise transactions in the month of April:

201X

Apr. 2

Purchased merchandise on account from Beech Suppliers, $3,500; terms 2/10, n/30.

4 Sold merchandise on account $520; terms 2/10, n/30. The cost of the merchandise sold was $260.

4 Received credit from Beech Suppliers for merchandise returned, $160.

10 Received collection in full, less discounts, from April 4 sales.

11 Paid Beech Suppliers in full, less discount.

14 Purchased store equipment for cash, $290.

15 Purchased $1,700 of merchandise from Soucy Distribution for cash.

16 Received a refund due for defective merchandise from supplier on cash purchase of $80.

17 Purchased merchandise on account from Tustin Corp., $3,700, F.O.B. shipping point (buyer pays freight); terms 2/10, n/30. Freight to be paid on April 21.

18 Sold merchandise for $2,700 cash; the cost of the merchandise sold was $1,650.

21 Paid freight on April 17 purchase, $130.

25 Purchased merchandise on account from Oak Co., $1,040, F.O.B. destination (seller pays freight); terms 2/10, n/30.

26 Paid Tustin Corp., in full, less discount.

27 Made refunds to cash customers for defective toys, $190. The cost of the defective toys was $100.

Jeanne's Toy Shop accounts included the following: Cash 101; Accounts

Receivable 112; Merchandise Inventory 120; Office Equipment 124;

Accounts Payable 201; B. Jeanne, Capital 301; Sales 401; Sales Discounts

412; Sales Returns and Allowances 414; Cost of Goods Sold 501.

Assignment

Journalize the transactions using the perpetual inventory system.