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answer part B > Question 2 of 3 View Policies Current Attempt in Progress - /30 1 This information relates to Sunland Co. On April
answer part B > Question 2 of 3 View Policies Current Attempt in Progress - /30 1 This information relates to Sunland Co. On April 5, purchased merchandise from Sarasota Company for $ 22.400 on account, terms 2/10, wet/30. FOB shipping point On April 6. paid freight costs of $ 950 en merchandise purchased from Sarasota Company 3. On April 7, purchased equipment on account for $ 27.800. On April. returned 3.200 of the April 5 merchandise to Sarasota Company 2 4. 5. On April 15. paid the amount due to Sarasota Company in Full 22400 April 5 Merchandise Inventory A/c Dr. To Accounts payable A/C April 6 ..22400 Merchandise inventory A/c Dr ....... .950 To Cash A/c.. 950 HERR April 7 Equipment A/c Dr 27800 ...27800 3200 To Accounts payable A/c .......... April 8 Accounts payable A/c Dr........... To Merchandise Inventory A/C April 15 Accounts payable A/c Dr. To Cash A/C ..3200 .19200 (22400 - 3200) .18816 To Merchandise Inventory A/c. 384 (19200 x 2%) (b) Assume that Sunland Co. paid the balance due to Sarasota Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Savetarhaton Attempts: 0 of 1 used Submit Answer MacBook Air 11 $ 4 % 5 & 7 3 8 9 V E R. T U P. F F G K
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