Information related to Grouper Co. is presented below. 1. 2. 3. On April 5, purchased merchandise on account from Sage Hill Company for $35,500, terms 4/10,net/30, FOB shipping point. On April 6, paid freight costs of $790 on merchandise purchased from Sage Hill. On April 7, purchased equipment on account for $28,300. On April 8, returned damaged merchandise to Sage Hill Company and was granted a $6,100 credit for returned merchandise. On April 15, paid the amount due to Sage Hill Company in full. 4. 5. Prepare the journal entries to record these transactions on the books of Grouper Co.under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 2. 4.