A.

This information relates toSage HillCo.

1.On April 5, purchased merchandise fromOrioleCompany for $26,800, terms3/10, n/30.

2.On April 6, paid freight costs of $750on merchandise purchased fromOriole.

3.On April 7, purchased equipment on account for $32,800.

4.On April 8, returned $3,600of April 5 merchandise toOrioleCompany.

5.On April 15, paid the amount due toOrioleCompany in full.

Prepare the journal entries to record the transactions listed above onSage HillCo.'s books.Sage HillCo. uses a perpetual inventory system.

Account Titles and Explanation

Debit/Credit

B.

Assume thatSage HillCo. paid the balance due toOrioleCompany on May 4 instead of April 15. Prepare the journal entry to record this payment.

Account Titles and Explanation

Debit/Credit