google translate-Bing The Faventes Tools Helb Assessment to accomspany Carlon, Financial Accounting: Reporting, Analysis and Decision Making, 6e 1. On S April purchased merchandise from M. DeVito Company for $18 000, terms 2/10, net/30, FOB delivery point 2. On & April paid freight costs of $900 on inventory purchased from M. Devito Company. 3. On 7 April purchased eqipment on account for $26 000 4. On 8 April returned some of 5 April inventory to M. Devito Company which cost $2 800. s. On 15 April paid the amount due to M. Devito Company in full. 12: (o) Prepare the journal entries to record these transactions on the books of Billy Ho Company using a periodic inventory system. Sort credit journal (Erter all debit entries first, followed by all crndit entriesCredit aooont titles are automatically Indented when the amoeant k entere April S Inventory $18,000 Accounts payable Freight inwards $900 Cash $900 Accounts payable $26,000 payable $2,800 Inventory $2,800 5 Accounts payable Discount received b) Assume that Billy Ho Company paid the balance due to M. Devito Company on 4 May instead of 15 April. Prepare the journal entry to record thi Enter al debit entries first, followed by all credit entries. Credit account titles are automatically indented when the amount is entere May 4 ccounts payable Cash at bank