Information related to Blue Co. is presented below. 1. 2. On April 5, purchased merchandise on account from Teal Mountain Company for $32,800, terms 2/10, net/30, FOB shipping point On April 6, paid freight costs of $830 on merchandise purchased from Teal Mountain On April 7. purchased equipment on account for $42,500. On April 8, returned $6,800 of merchandise to Teal Mountain Company On April 15, paid the amount due to Teal Mountain Company in full 3. 4. 5. (a) Prepare the journal entries to record these transactions on the books of Blue Counder 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 for the amounts.) Cred No. Date Debit Account Titles and Explanation 1. 2. 3 > 5. (b) Assume that Blue Co. paid the balance due to Teal Mountain Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (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 for the amounts.) Debit Credit Date Account Titles and Explanation May 4