assume that Blue Co. paid the balance due to Kingbird Company on May 4 instead of April 15. prepare the journal entry to record this payment

(b) Assume that Blue Co. paid the balance due to Kingbird Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation May 4 CALCULATOR PRINTER VERSION Prepare the journal entries to record these transactions on the books of Blue Co. under a perpetual inventory system. (Credit account titles are auto when amount is entered. Do not indent manually.) Account Titles and Explanation Credit No. 1. Date April Debit 4001 | Inventory 26,400 I 9301 pril 6 I Accounts Payable inventory Cash equipment April 2 1 Accounts Paya 41,900 Al Accounts Payable Account 4,100 Inventory Accounts Payable 5. April 15 Cash ECES HW Question 1 Information related to Blue Co. is presented below. 1. On April 5, purchased merchandise on account from Kingbird Company for $26,400, terms 4/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $930 on merchandise purchased from Kingbird. 3. On April 7, purchased equipment on account for $41,900. 4. On April 8, returned damaged merchandise to Kingbird Company and was granted a $4,100 credit for returned merchandise. 5. On April 15, paid the amount due to Kingbird Company in full