*E5-18 This information relates to Locke Co. 1. On April 5, purchased merchandise from K. Austen Company for $25,000, terms 2/10, net/30, FOB shipping point 2. On April 6. paid freight costs of $900 on merchandise purchased from K. Austen Company. 3. On April 7. purchased equipment on account for $30,000. 4. On April 8, returned some of April 5 merchandise, which cost $2,800, to K. Austen Company. 5. On April 15. paid the amount due to K. Austen Company in full. Instructions (a) Prepare the journal entries to record these transactions on the books of Locke Co. using a periodic inventory system. (b) Assume that Locke Co. paid the balance due to K. Austen Company on May 4 instead of April 15. Prepare the journal entry to record this payment