Question

correct me if I'm select account names wrong thanks

Sales-Related and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System

The following selected transactions were completed during April between Swan Company and Bird Company:

Apr.2.	Swan Company sold merchandise on account to Bird Company, $15,100, terms FOB shipping point, 2/10, n/30. Swan Company paid freight of $485, which was added to the invoice. The cost of the merchandise sold was $9,500.
8.	Swan Company sold merchandise on account to Bird Company, $31,000, terms FOB destination, 1/15, n/30. The cost of the merchandise sold was $18,600.
8.	Swan Company paid freight of $760 for delivery of merchandise sold to Bird Company on April 8.
12.	Bird Company paid Swan Company for purchase of April 2.
18.	Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise.
23.	Bird Company paid Swan Company for purchase of April 8.
24.	Swan Company sold merchandise on account to Bird Company, $10,300, terms FOB shipping point, n/45. The cost of the merchandise sold was $6,200.
26.	Bird Company paid freight of $320 on April 24 purchase from Swan Company.
30.	Swan Company granted a customer allowance (credit memo) to Bird Company for $11,300 for merchandise that was returned from the August 24 purchase. The cost of the merchandise returned was $6,500.

Required:

1. Journalize the April transactions for Bird Company (the buyer).

Date	Account	Debit	Credit
Apr. 2	Merchandise Inventory
	Accounts Payable-Swan Company

Date	Account	Debit	Credit
Apr. 8	Merchandise Inventory
	Accounts Payable-Swan Company

Date	Account	Debit	Credit
Apr. 12-payment	Accounts Payable-Swan Company
	Cash

Date	Account	Debit	Credit
Apr. 18	Cash
	Merchandise Inventory

Date	Account	Debit	Credit
Apr. 23	Accounts Payable-Swan Company
	Cash

Date	Account	Debit	Credit
Apr. 24	Merchandise Inventory
	Accounts Payable-Swan Company

Date	Account	Debit	Credit
Apr. 26	Merchandise Inventory
	Cash

Date	Account	Debit	Credit
Apr. 30	Accounts Payable-Swan Company
	Merchandise Inventory

2. Journalize the April transactions for Swan Company (the seller).

Date	Account	Debit	Credit
Apr. 2-sale	Accounts Receivable-Bird Company
	Sales

Date	Account	Debit	Credit
Apr. 2-freight	Accounts Receivable-Bird Company
	Cash

Date	Account	Debit	Credit
Apr. 2-cost	Cost of Merchandise Sold
	Merchandise Inventory

Date	Account	Debit	Credit
Apr. 8-sale	Accounts Receivable-Bird Company
	Sales

Date	Account	Debit	Credit
Apr. 8-cost	Cost of Merchandise Sold
	Merchandise Inventory

Date	Account	Debit	Credit
Apr. 8-freight	Delivery Expense
	Cash

Date	Account	Debit	Credit
Apr. 12-collection	Cash
	Accounts Receivable-Bird Company

Date	Account	Debit	Credit
Apr. 18

Date	Account	Debit	Credit
Apr. 23	Cash
	Accounts Receivable-Bird Company

Date	Account	Debit	Credit
Apr. 24-sale	Accounts Receivable-Bird Company
	Sales

Date	Account	Debit	Credit
Apr. 24-cost	Cost of Merchandise Sold
	Merchandise Inventory

Date	Account	Debit	Credit
Apr. 30	Sales Discounts
	Accounts Receivable-Bird Company

Date	Account	Debit	Credit
Apr. 30	Merchandise Inventory
	Merchandise Inventory

Answer 1

Req 1: IN THE BOOKS OF BIRD COMPANY
Date	Accounts title and explanations				Debit $	Credit $
2-Apr	Merchandise inventoryDr.				15585
	Accounts payable					15585
8-Apr	Merchandise inventoryDr.				31000
	Accounts payable					31000
12-Apr	Accounts payable Dr.				15585
	Merchandise Inventory (15100*2%)					302
	Cash					15283
18-Apr	Cash Dr.				2000
	Merchandise Inventory					2000
23-Apr	Accounts payable Dr.				31000
	Merchandise Inventory (31000*1%)					310
	cash					30690
24-Apr	Merchandise inventoryDr.				10300
	Accounts payable					10300
26-Apr	Merchandise Inventory				320
	Cash Account					320
30-Apr	Accounts payable Dr.				11300
	Merchandise Inventory					11300
Req 2: IN THE BOOKS OF SWAN COMPANY
Date	Accounts title and explanations				Debit $	Credit $
2-Apr	Accounts receivable Dr.				15100
	Sales revenue					15100
2-Apr	Accounts receivable Dr.				485
	Cash					485
2-Apr	Cost of Goods sold Dr.				9500
	Merchandise Inventory					9500
8-Apr	Accounts receivable Dr.				31000
	Sales revenue					31000
8-Apr	Cost of Goods sold Dr.				18600
	Merchandise Inventory					18600
8-Apr	Delivery expense Dr.				760
	cash					760
12-Apr	cash Dr.				15283
	Sales discount Dr. (15100*2%)				302
	Accounts receivable					15585
18-Apr	Sales discount and allowance Dr.				2000
	Cash Account					2000
23-Apr	cash Dr.				30690
	Sales discount Dr. (31000*1%)				310
	Accounts receivable					31000
24-Apr	Accounts receivable Dr.				10300
	Sales revenue					10300
	Cost of Goods sold Dr.				6200
	Merchandise Inventory					6200
30-Apr	Sales return Dr.				11300
	Accounts receivable					11300
30-Apr	Merchandise Inventory dr.				6500
	Cost of Goods sold					6500