work mode : This shows what is correct or incorrect for the work you have completed so far. It does not e journal entries to record the following transactions for a retail store. The company uses a perpetual inventor ethod. 2 Purchased $4,500 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2 point. 3 Paid $240 cash for shipping charges on the April 2 purchase. 4 Returned to Lyon Company unacceptable merchandise that had an inice price of $700. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased $8,300 of merchandise from Frist Corporation with credit terms of 1/10, n/30, invoice dated Apr destination. 21 After negotiations over scuffed merchandise, received from Frist a $400 allowance toward the $8,300 owed purchase. 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.