Information related to Monty Corp. is presented below. 1. 2. 3. 4. 5. On April 5, purchased merchandise on account from Marigold Company for $26,600, terms 3/10, net/30, FOB shipping point. On April 6, paid freight costs of $900 on merchandise purchased from Marigold. On April 7, purchased equipment on account for $30,500. On April 8, returned $3,900 of merchandise to Marigold Company. On April 15, paid the amount due to Marigold Company in full.

Prepare the journal entries to record these transactions on the books of Monty Corp. under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manualiy. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts.) Information related to Monty Corp. is presented below. 1. On April 5, purchased merchandise on account from Marigold Company for $26,600, terms 3/10, net/30, FOB shipping point: 2. On April 6. paid freight costs of $900 on merchandise purchased from Marigold. 3. On April 7, purchased equipment on account for $30,500. 4. On April 8, returned $3,900 of merchandise to Marigold Company. 5. On April 15, paid the amount due to Marigold Company in full. (a) Prepare the journal entries to record these transactions on the books of Monty Corp, under a perpetual imventory system. ICredit account titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.) Information related to Monty Corp. is presented below. 1. On April 5, purchased merchandise on account from Marigold Company for $26,600, terms 3/10, net/30, FOB shipping point 2. On April 6, paid freight costs of $900 on merchandise purchased from Marigold. 3. On April 7, purchased equipment on account for $30,500. 4. On April 8, returned $3,900 of merchandise to Marigold Company. 5. On Apri 15, paid the amount due to Marigold Company in full