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Prepare the entries for the transactions below; exclude explanations. Apr. 2 Purchased merchandise on account from Frank Supply Co. $9,100, terms 2/10,n/30. 4 Sold $7,800 of merchandise on account to Lee Co., terms 1/10, n/30. The cost of the merchandise sold was $4,000. 5 Provided Lee Co. with $800 credit for merchandise returned from April 4 sale. Merchandise has an inventory value of $500. 6 Received an $900 credit from Frank Supply Co. for merchandise returned from April purchase. 10 Received cash for balance due from Lee for April 4 sale. 11 Paid Frank Supply Co. the amount due. HTML Edit Prepare a multi-step income statement for Lowes Company for the month of December, 2018 from the appropriate accounts below. Include the gross profit percentage. Cost of Goods Sold $21,000 Retained Earnings $12,000 Interest Expense 3,500 Sales Discounts 3,000 Gain on Property Sale 6,000 Sales Returns 2,750 Dividends 1,500 Prepaid Insurance 9,000 Salaries Expense 4,000 Sales Revenue 55,000 Accounts Payable 7,500 Rent Expense 2,000 UTM Edit