Information related to Ayayai Co. is presented below.Information related to Ayayai Co. is presented below....

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Accounting

Information related to Ayayai Co. is presented below.Information related to Ayayai Co. is presented below.
On April 5, purchased merchandise from Mockingbird Company for $21,100 terms 210, net/30, FOB shipping
point.
On April 6 paid freight costs of $610 on merchandise purchased from Mockingbird.
On April 7, purchased equipment on account for $30,100.
On April 8, returned damaged merchandise to Mockingbird Company and was granted a $3,600 credit for
returned merchandise.
On April 15 paid the amount due to Mockingbird Company in full.
(a)
Prepare the journal entries to record these transactions on the books of Ayayai Co. under a perpetual inventory
system. (Credit account titles are automatically indented when the amount is entered. Do not
indent manually. List all debit entries before credit entries. Record journal entries in the order
presented in the problem. If no entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
On April 5, purchased merchandise from Mockingbird Company for $21,100 terms 210, net/30, FOB shipping point.
On April 6 paid freight costs of $610 on merchandise purchased from Mockingbird.
On April 7, purchased equipment on account for $30,100.
On April 8, returned damaged merchandise to Mockingbird Company and was granted a $3,600 credit for returned
merchandise.
On April 15 paid the amount due to Mockingbird Company in full.
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