Information related to Oriole Co. is presented below.
1. On April 5, purchased merchandise on account from Concord Company for $35,500, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $790 on merchandise purchased from Concord.
3. On April 7, purchased equipment on account for $28,300.
4. On April 8, returned $6,100 of merchandise to Concord Company.
5. On April 15, paid the amount due to Concord Company in full.
(a)
Prepare the journal entries to record these transactions on the books of Oriole Co. under a perpetual inventory system. (List all
debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If
no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)