Current Attempt in Progress

This information relates to Sheffield Co$.$

On April $5,$ purchased merchandise from Riverbed Company for $$35,000,$ on account, terms $\frac{2}{10},$ net $\frac{?}{30},$ FOB shipping

point.

On April $6,$ paid freight costs of $$1,110$ on merchandise purchased from Riverbed Company.

On April $7,$ purchased equipment on account for $$28,700.$

On April $8,$ returned $$2,900$ of the April $5$ merchandise to Riverbed Company.

On April $15,$ paid the amount due to Riverbed Company in full.

$($a$)$

Your answer is correct.

Prepare the journal entries to record these transactions on the books of Sheffield Co$.$ using a periodic inventory system. $($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 $0$ for the amounts.$)$

$($b$)$

Assume that Sheffield Co$.$ paid the balance due to Riverbed 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. If

no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$