Current Attempt in Progress This information relates to Skysong Co. 1. On April 5, purchased merchandise from Sheridan Company for $27,600, terms 3/10,n/30. 2. On April 6, paid freight costs of $770 on merchandise purchased from Sheridan. 3. On April 7, purchased equipment on account for $34,300. 4. On April 8, returned $5,300 of April 5 merchandise to Sheridan Company. 5. On April 15, paid the amount due to Sheridan Company in full. Prepare the journal entries to record the transactions listed above on Skysong Co's books. Skysong Co. uses a perpetual inventory system. (If no entry No. Date Account Titles and Explanation Debit Credit 1. 5. Assume that Skysong Co. paid the balance due to Sheridan Company on May 4 instead of April 15. Prepare the journal entry to record this payment Date Account Titles and Explanation Debit Credit May 4