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This information relates to Metlock Co. 1. On April 5, purchased merchandise from Ivanhoe Company...

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Accounting

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This information relates to Metlock Co. 1. On April 5, purchased merchandise from Ivanhoe Company for $26,300, terms 2/10, n/30. 2. On April 6, paid freight costs of $640 on merchandise purchased from Ivanhoe. 3. On April 7, purchased equipment on account for $33,500. 4. On April 8, returned $3,700 of April 5 merchandise to Ivanhoe Company. 5. On April 15, paid the amount due to Ivanhoe Company in full. 5. (b) Assume that Metlock Co. paid the balance due to Ivanhoe Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 4

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