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i need to answar b Information related to Monty Yachts is presented below: 1. On April 5, purchased merchandise on account from Paul Nautical Supply

i need to answar b image text in transcribed
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Information related to Monty Yachts is presented below: 1. On April 5, purchased merchandise on account from Paul Nautical Supply for 45,000, terms 4/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of 910 on merchandise purchased from Paul. 3. On April 7, purchased equipment on account for 30,100. 4. On Apri:8, returned damaged merchandise to Paul and was granted a 4,700 credit for returned merchandise. 5. On April 15, paid the amount due to Paul in full. Assume that Monty paid the balance due to Paul on May 4 instead of April 15. Prepare the journal entry to record this payment(List debit entry before credit entry. 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 tities and enter O for the amounts.)

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