Date Account Titles and Explanation Debit Credit Apr. 5 Inventory 31000 Accounts Payable 31000 Apr. 6 Inventory 1160 Cash 1160 Apr. 7 Equipment 37200 Accounts Payable 37200 Apr. 8 Accounts Payable 5000 Inventory 5000 Apr. 15 Accounts Payable 26000 Inventory 520 Cash 25480 This information relates to Sheffield Corporation. 1. On April 5, purchased merchandise from Bramble Inc. for $ 31,000, terms 2/10, n/30. 2. On April 6, paid freight costs of $ 1,160 on merchandise purchased from Bramble. 3. On April 7, purchased equipment on account for $ 37,200. 4. On April 8, returned some of April 5 merchandise to Bramble that cost $ 5,000. 5. On April 15, paid the amount due to Bramble in full. Sheffield uses a periodic inventory system