Exercise 5-2 Information related to Vaughn Manufacturing is presented below. 1. On April 5, purchased merchandise from Thomas Company. Ltd. for [43,200, terms 4/10, net/30, FOB shipping point. 2. On April 6. paid freight costs of 1870 on merchandise purchased from Thomas 3. On April 7. purchased equipment on account for E34,600. 4. On April 8, returned damaged merchandise to Thomas and was granted a 6,600 credt for returned merchandise. 5. On April 15, paid the amount due to Thomas in full (a) Prepare the journal entries to record these transactions on the books of Vaughn Manufacturing under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit FULL SCREEN BACK NE (b) Assume that Vaughn Manufacturing paid the balance due to Thomas Company, Ltd. on May 4 instead of April 15. Prepare the journal entry to record this payment. (Credit account tities are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit