Exercise 5-02 This information relates to Splish Brothers Co. 1. On April 5, purchased merchandise from Sunland Company for $28,200, terms 4/10, 1/30 On April 6, paid freight costs of $710 on merchandise purchased from Sunland On April 7. purchased equipment on account for $32,100 4 On April 3, returned 54,800 of April 5 merchandise to Sunland Company 5 On April 15, paid the amount due to Sunland Company in full (a) Prepare the journal entries to record the transactions listed above on Splish Brothers Co.'s books, Splish Brothers Co. uses a perpetual inventory system. (If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. sudy 2 3. Prepare the journal entries to record the transactions listed above on Splish Brothers Co.'s books. Splish Brothers Co. uses a is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are autor entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 2 > 3. > Y. 4. 5 . (b) LAULULAT FRIVER VERSTON HACE NER () Assume that Splish Brothers Co paid the balance due to Sunland Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit May 4