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Apr.2. Swan Company sold merchandise on account to Bird Company, $17,300, terms FOB shipping point,...

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Accounting

Apr.2. Swan Company sold merchandise on account to Bird Company, $17,300, terms FOB shipping point, 2/10, n/30. Swan Company paid freight of $480, which was added to the invoice. The cost of the merchandise sold was $10,900. 8. Swan Company sold merchandise on account to Bird Company, $25,000, terms FOB destination, 1/15, n/30. The cost of the merchandise sold was $15,000. 8. Swan Company paid freight of $640 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, $13,400, terms FOB shipping point, n/45. The cost of the merchandise sold was $8,000. 26. Bird Company paid freight of $440 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

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