Information related to Munoz Pizza is presented below. LO6 1. On April 5, purchased merchandise from Freeman Tomato Sauce for $17,000 terms 2/10, net/30, FOB shipping point.

2. On April 6 paid freight costs of $900 on merchandise purchased from Freeman.

3. On April 7, purchased equipment on account for $26,000.

4. On April 8, returned damaged merchandise to Freeman and was granted a $3,000 allowance.

5. On April 15 paid the amount due to Freeman in full.

Instructions

(a) Prepare the journal entries to record these transactions on the books of Munoz Pizza under a perpetual inventory system.

(b) Assume that Munoz Pizza paid the balance due to Freeman Company on May 4 instead of April 15. Prepare the journal entry to record this payment.