Assume that Lerner Co paid the balance due to Wilkes company on May 4 instead of April 15. prepare the journal entry to record this payment

ent MESSAGE MY INSTR ORH Exercise 5-2 Information related to Kerber Co. is presented below. 1. On April 5, purchased merchandise from Wilkes Company for $38,900, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $800 on merchandise purchased from Wilkes 3. On April 7, purchased equipment on account for $39,900 4. On April 8, returned damaged merchadise t 5. On April 15, paid the amount due to Wilkes Company in full. damaged merchaddise to Wilkes Company and was oranted a s5,000 credit for returned merchandise. amount is entered. Do not inns on the books of kerber Co. under a perpetual inventory system. (Credit account ti No. Date 1. Prepare the Journal entries to record these transactions amount is entered. Do not indent manually, Record journal entries in the order presented in the problem.) of Kerber Co. Account Titles and Explanation Debit Credit 2. 3. 4