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Information related to Sunland Co. is presented below. 1. On April 5, purchased merchandise from...

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Accounting

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Information related to Sunland Co. is presented below. 1. On April 5, purchased merchandise from Mockingbird Company for $21,200 terms 2/10, net/30, FOB shipping point. 2. On April 6 paid freight costs of $620 on merchandise purchased from Mockingbird. 3. On April7, purchased equipment on account for $30,200. 4. On April 8, returned damaged merchandise to Mockingbird Company and was granted a $3.500 credit for returned merchandise. 5. On April 15 paid the amount due to Mockingbird Company in full. (a) - Your answer is partially correct. Prepare the journal entries to record these transactions on the books of Sunland Co. under a perpetual inventory system. ICredit 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.)

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