CES Question 1 Presented below is information related to Marigold Co. 1. On April 5, purchased merchandise from Garcia Company for $16,200, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $700 on merchandise purchased from Garcia. 3. On April 7, purchased equipment on account from Holifield Mfg. Co. for $26,700. 4. On April 8, returned merchandise, which cost $3,400, to Garcia Company. 5. On April 15, paid the amount due to Garcia Company in full. Hy (6) Your answer is partially correct. Try again Assume that Marigold Co. paid the balance due to Garcia Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "Ne entry" for the account tities and enter o for the amounts.) Date Account Tities and Explanation Debit Credit May 4 Cash Winnesien SWA