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Information related to Concord Co. is presented below. 1. On April 5, purchased merchandise on account from Shamrock Company for $32,400, terms 3/10, net/30, FOB

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Information related to Concord Co. is presented below. 1. On April 5, purchased merchandise on account from Shamrock Company for $32,400, terms 3/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $860 on merchandise purchased from Shamrock. 3. On April 7, purchased equipment on account for $40,000. 4. On April 8 , returned $6,900 of merchandise to Shamrock Company. 5. On April 15, paid the amount due to Shamrock Company in full. (a) Prepare the journal entries to record these transactions on the books of Concord 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.) entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Assume that Concord Co. paid the balance due to Shamrock Company on May 4 instead of April 15 . Prepare the journal entry to Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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