Date Credit Debit Account Titles and Explanation April 5 Purchases 29.000 29.000 Accounts Payable April 6 Freight-in 990 990 Cash April 7 Equipment 28,600 28,600 Accounts Payable April 8 Accounts Payable 3,000 Purchase Returns and Allowances 3,000 April 15 Accounts Payable 26,000 520 Purchase Discounts 25,480 Cash Assume that Kingbird Co. paid the balance due to Whispering Winds 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 o for the amounts.) Debit Credit Date Account Titles and Explanation This information relates to Kingbird Co. 1 2 On April 5, purchased merchandise on account from Whispering Winds Company for $29,000, terms 2/10, net/30, FOB shipping point On April 6, paid freight costs of $990 on merchandise purchased from Whispering Winds Company On April 7. purchase equipment on account for $28,600. On April 8, returned some of April 5 merchandise, which cost $3,000, to Whispering Winds Company On April 15, paid the amount due to Whispering Winds Company in full. 3. 4 5 (a) Your answer is correct Prepare the journal entries to record these transactions on the books of Kingbird Cousing 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 for the amounts.)