Information related to Ayayai Co. is presented below. 1. On April 5, purchased merchandise on account from Marin Company for $38,400, terms 3/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $920 on merchandise purchased from Marin 3. On April 7, purchased equipment on account for $27,900. 4. On April 8, returned $5,400 of merchandise to Marin Company. 5. On April 15, paid the amount due to Marin Company in full. Your answer is partially correct. Prepare the journal entries to record these transactions on the books of Ayayai Co. under a perpetual inventory system. (List all debit entries before credit entries. 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 titles and enter O for the amounts.) Date Account Titles and Explanation 5 Inventory Accounts Payable 6 Inventory Cash Debit 38,400 Credit 38,400 920 pril 7 v Equipment 27,900 Accounts Payable 3 Accounts Payable 5.400 Inventory xxx15 v Accounts Payable 33,000 Cash Inventory 920 27,900 5,400 5,400 208