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Question 3) Assame that on Junc somparly eses a perpetual inventery sydem. During Junc, these transactions occurred. Juse 6 Sold calculators cooting $344 for $600 to Brooks Books, terms n/30. 9 Granted credit of 596 to Brooks Books for the retum of one calculator that was not ordered. The calculabor cost $20 10 Sold calculators costing 5400 for 5810 to Reach's Cand Shop, terms njo, [ 12 Purchased calculators from Dragoo Co, at a total cost of $2.300, terms n/30. 14 Paid treight of $206 on calculators purchased from Dragoo Co 20 Returtied calculators to Dragoo Co. for 598 credit because they did not mets speciffeations. frowactione: fournalize the June transactions (in color). seiler 1 - 4 Question 4) The following transactions are for Sunnys Company: - On December 3, Sannys Company solk $780,000 of merchandise to Colins Co., terms 3710, n:30. The cost of the merchandise sold was $440,000. - On Decernber 8 , Colins Co, was granted an allowance of $25,000 for merchanifise purchased on Desentiber 3. - On December 13, Sunnys Company recerved the balance due from Colins Co A. Prepare the journal entries to record these transactions on the books of Sumnys Compary. Sunny's uses a perpetaal inventory system. B. Assume that Sunays Company received the balasce doe from Colins Co, on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on Jasuary 2. Ne sates diserunt. Question 5) Michigan Distributing Company completed these merchandising trangetions in the month of April. os - Apr.2 Purchased merchandise on account from NM-Bev lnc, $9,100, terms 4/10,n/30, 1. 4 Sold merchandise on account $7,400, terms 2/10,n/30. The cost of the merchandise sold was $4,100. F25 Paid $380 freight on April 4 sale. -6 Roceived credit from NM-Bev Inc. for merchandise returnod 5525. 11 Paid NM-Bev lac, in full. - Buye =& 13. Received eollections in full from customers billed on Aprit 4. 14 Purchased merchand ise for cash $5,700. 16 Received refind from supplier for returned merchandise on cash purchase of Aprit 14, $1,000. 18 Purchased merchandise from Lohr Distributors $6,600, terms 3/10,n/30. 20 Paid freight on April 18 purchase $190. 23 Sold merchandise for cash $7,900. The cost of the merchandise sold was $5,250, 26 Purchased merchandise for cash $6,900. 27 Paid Lohr Distributors in full. 29 Made refunds to cash customiers for returned merehandise $320. The returned merchandise had a cost of 5230. 30 Sold merchandise on account $4,120, terms n/30. The cost of the merchandise sold was $3,000

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