Sales and Purchase-Related Transactions for Seller and BuyerUsing Perpetual Inventory System The following selectedtransactions were completed during April between Swan Company andBird Company: Apr. 2. Swan Company sold merchandise on account toBird Company, $53,100, terms FOB shipping point, 2/10, n/30. Swanpaid freight of $1,555, which was added to the invoice. The cost ofthe goods sold was $36,260. 8. Swan Company sold merchandise onaccount to Bird Company, $43,850, terms FOB destination, 1/15,n/eom. The cost of the goods sold was $27,180. 8. Swan Company paidfreight of $1,105 for delivery of merchandise sold to Bird Companyon April 8. 12. Bird Company paid Swan Company for purchase ofApril 2. 23. Bird Company paid Swan Company for purchase of April8. 24. Swan Company sold merchandise on account to Bird Company,$64,710, terms FOB shipping point, n/eom. The cost of the goodssold was $36,120. 25. Swan Company paid Bird Company a cash refundof $2,380 for damaged merchandise in the April 8 sale. Bird Companykept the merchandise. 26. Bird Company paid freight of $840 onApril 24 purchase from Swan Company. 30. Bird Company paid SwanCompany on account for purchase of April 24. Required: 1.Journalize the April transactions for Swan Company (the seller). Ifan amount box does not require an entry, leave it blank.