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Homework. This is all the information I have.

> Claim Reassgn Cancel View Notes Page 9 of 12 LE FROM ompletio d.$ 8. PR.06-048 Sales-Related and Purchase-Related Transactions for Seller and Buper Using Perpetual Inventory System The follawing selected transactions were completed during Apra between Swan Company and Bird Company Apr.2. Swan Compeny sold merchandise on account to Bired m Company, $32,000, terms roB shipong pont 2/10, n/30. Swan Company paid freight of $330, which was added to the invice. The cost of the merchandise sold wes $19,200 8. Swan Compamy sold merchandise on account to Bard Company, $49,500, erms Ps destnacon, 1/15, n/30. The cost of the merchandise sold was $29,200 8. Swan Company paid freight of 5710 for delivery of merchandse soid to Bird Company on Apni 8 12. Bird Company paid Swan Compatty for purchase af April 2 18. Swan Company paid Bird Company a refund of $2,000 for defective merthandise in the Apra 2 purchase. Bird Company agreed to keep the merchandise 23. Bird Company psid Swan Company for purchase of Apni 8 24. Swan Company sold merchandse on sccoune to Bird Compsny, $67,350, teres Fo8 shepping poamt, n/45. The cost of the merchandise sold was $40,400 26. Bird Company paid freight of $875 on April 24 parchase from Swan Company 30. Swan Company granted a customer allmance (credit memo) to Bird Company for $11,100 for merchandse that was returned from the August 24 purchase. The cost of the merchandise returnes Required: . Journaize the Agril transactions for llird Company (the buyer) Apr. 2 er pr, B

Explanation / Answer

Bird company Apr-02 Merchandise inventory 32330             Accounts payable Swan company 32330 Apr-08 Merchandise inventory 49500             Accounts payable Swan company 49500 Apr-12 Accounts payable swan company 31690              Cash 31690 Apr-18 Cash 2000           Merchandise inventory 2000 Apr-23 Accounts payable swan company 49005              Cash 49005 Apr-24 Merchandise inventory 67350             Accounts payable Swan company 67350 Apr-26 Merchandise inventory 875              Cash 875 Apr-30 Accounts payable swan company 11100           Merchandise inventory 11100 Swan Company Apr-02 Accounts receivable bird company 32000            Sales 32000 Apr-02 Accounts receivable bird company 330              Cash 330 Apr-02 Cost of merchandise sold 19200             Merchandise inventory 19200 Apr-08 Accounts receivable bird company 49500            Sales 49500 Apr-08 Cost of merchandise sold 29700             Merchandise inventory 29700 Apr-08 Delivery expense 710            Cash 710 Apr-12 Cash 31690           Accounts receivable bird company 31690 Apr-18 Customer refund payable 2000          Cash 2000 Apr-23 Cash 49005           Accounts receivable bird company 49005 Apr-24 Accounts receivable bird company 67350            Sales 67350 Apr-24 Cost of merchandise sold 40400             Merchandise inventory 40400 Apr-30 Customer refund payable 11100           Accounts receivable bird company 11100 Apr-30 Merchandise inventory 6500           Estimated returns inventory 6500

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