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This information relates to Larkspur Co. 1. On April 5, purchased merchandise on account from...

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Accounting

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This information relates to Larkspur Co. 1. On April 5, purchased merchandise on account from Crane Company for $26,000, terms 3/10,n/30. 2. On April 6, paid freight costs of $520 on merchandise purchased from Crane. 3. On April 7, purchased equipment on account for $31,400. 4. On April 8, returned $4,100 of April 5 merchandise to Crane Company. 5. On April 15, paid the amount due to Crane Company in full. Your answer is partially correct: Prepare the journal entries to record the transactions listed above on Larkspur Co's books. Larkspur Co, uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)

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