Based on last week's lecture prepare general journal entries, without explanations, for the merchandising transactions listed below for Lowell Company. Assume use of the periodic inventory system.

May 1. Sold merchandise to Cento Company for $1,200, terms 2/10, n/30, goods cost $800.

2 Purchased merchandise from Source Corporation for $3,000, terms 2/10, n/30.

3 Gave credit to Cento Company for merchandise returned, $200. Cost of goods returned were $120.

4 Purchased merchandise from Treblow Company for $4,700, terms 2/10, n/30.

7 Received amount owed from Cento Company for balance of May 1 purchase.

11 Returned $700 in merchandise to Treblow Company for credit.

11 Paid Treblow Company in full for purchase of May 4.

15 Paid Source Corporation in full for purchase of May 2.