CALCULATOR PRII Exercise 5A-2 a-b This information relates to Coronado Co. 1. On April 5, purchased merchandise from Craig Company for $27,100, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $1,000 on merchandise purchased from Craig Company. 3. On April 7, purchased equipment on account for $30,000. 4. On April 8, returned some of April 5 merchandise, which cost $2,200, to Craig Company. 5. On April 15, paid the amount due to Craig Company in full. LIL JUUNTI use to record these transactions on the books of Coronado Co. using a periodic Inventory system. (Credit acco automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. 2. 3 5. Assume that Coronado Co. paid the balance due to Craig Company on May 4 instead of April 15. Prepare the journal entry to recordement. Ce account titles are automatically indented when the amount is entered. Do not indent manually. If no entry are tentry for the account tities and enter for the amounts.) Date Account Titles and Explanation Debit Credit