3 of 3 View Policies Show Attempt History < Current Attempt in Progress This information relates to Sunland Co. 1. On April 5, purchased merchandise on account from Sarasota Company for $22,400, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $950 on merchandise purchased from Sarasota Company. 3. On April 7, purchased equipment on account for $27,800. 4. On April 8, returned some of April 5 merchandise, which cost $3,200, to Sarasota Company. 5. On April 15, paid the amount due to Sarasota Company in full. (a) Your answer is partially correct. Prepare the journal entries to record these transactions on the books of Sunland Co. using a periodic inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation April 5 Freight-In Debit 22400 Credit April 6 Accounts Payable Freight-Out Cash April 7 Equipment Accounts Payable April 8 Accounts Payable Purchase Returns and Allowances April 15 Accounts Payable Cash Purchase Discounts 950 27800 3200 19200 22400 950 27800 3200 18816 384 Question 3 of 3 < > Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Advertising Expense Buildings Cash Casuality Loss from Vandalism Cost of Goods Sold Depreciation Expense Dividend Revenue Equipment Freight-In Freight-Out Income Summary Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Notes Payable Operating Expenses Owner's Capital Owner's Drawings Prepaid Insurance Property Tax Expense Property Taxes Payable Purchase Discounts