Question: Exercise 235 Presented here are selected transactions for the Foyle Company during April. Foyle uses the periodic inventory system. April. 1 Sold merchandise to Land

 Exercise 235 Presented here are selected transactions for the Foyle Company

Exercise 235 Presented here are selected transactions for the Foyle Company during April. Foyle uses the periodic inventory system. April. 1 Sold merchandise to Land Company for $4,000, terms 2/10, n/30. The merchandise sold had a cost of $2,000. 2 Purchased merchandise from Webb Corporation for $6,000, terms 1/10, n/30. 4 Purchased merchandise from Ryan Company for $2,000, n/30. 10 Received payment from Land Company for purchase of April 1 less appropriate discount. 11 Paid Webb Corporation for April 2 purchase. Journalize the April transactions for Foyle Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Debit Credit Date Account Titles and Explanation Apr. 1

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