Answer:
April 2
Merchandise $6,200 (debit)
Accounts Payable : Lyon Company $6,200 (credit)
<em>Purchase of Merchandise on credit from Lyon Company (FOB)</em>
April 3
Accounts Payable : Lyon Company $200 (debit)
Cash $200 (credit)
<em>Payment of Shipping Costs included in the Invoice </em>
April 4
Accounts Payable : Lyon Company $450 (debit)
Merchandise $450 (credit)
<em>Return of unacceptable merchandise to Lyon Company</em>
April 17
Accounts Payable : Lyon Company $5,550 (debit)
Discount Received $111 (credit)
Cash $5,439 (credit)
<em>Settlement of Account with supplier and recognition of discount received</em>
April 18
Merchandise $11,700 (debit)
Accounts Payable : Frist Corp $11,700 (credit)
<em>Purchase of Merchandise on credit from Frist Corp</em> <em> (FOB)</em>
April 21
Accounts Payable : Frist Corp $500 (debit)
Merchandise $500 (credit)
<em>Allowance received from supplier (Frist Corp)</em>
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Explanation:
There is some missing transactions for the dates closer to end of April.
However the rest of the journals and their narrations have been prepared. This will help with completing the rest of the transactions.
See journals above.
