Question: You received partial credit in the previous attempt. Exercise 4-22A (Static) Periodic-Recording purchases, returns, and allowances LO P5 Prepare journal entries to record each of

You received partial credit in the previous attempt. Exercise 4-22A (Static) Periodic-Recording purchases, returns, and allowances LO P5 Prepare journal entries to record each of the following merchandising transactions assuming that the buyer uses the periodic inventory system and the gross method. FOB shipping point. April 3 Paid $300 cash for shipping charges on the April 2 purchase. April 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600. April 18 purchase. April 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount

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