Question: Merchandise transactions - Periodic inventory system (2) Presented here are selected transactions for Puffin Company during April. Puffin Company uses the periodic inventory system. April

Merchandise transactions - Periodic inventory system (2) Presented here are selected

Merchandise transactions - Periodic inventory system (2) Presented here are selected transactions for Puffin Company during April. Puffin Company uses the periodic inventory system. April 1: Sold merchandise to Mallard Company for $2,000 on terms of 2/10, n/30. The merchandise sold had a cost of $1,000. April 2: Purchased merchandise from Plover Corporation for $3,000 on terms of 1/10, n/30. April 4: Purchased merchandise from Gannet Company for $1,000 on terms of n/30. April 10: Received payment from Mallard Company for April 1 sale less appropriate discount. April 11: Paid Plover Corporation for April 2 purchase. April 13: Paid Gannet Company for April 4 purchase. Required: Journalize the April transactions for Puffin Company

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