Information related to Pagnucci Co. is presented below.

1. On April 5, purchased merchandise from Mockingbird Company for $20,000 terms 2/10, net/30, FOB shipping point.

2. On April 6 paid freight costs of $500 on merchandise purchased from Mockingbird.

3. On April 7, purchased equipment on account for $29,000.

4. On April 8, returned damaged merchandise to Mockingbird Company and was granted a $3,000 credit for returned merchandise.

5. On April 15 paid the amount due to Mockingbird Company in full.

(a) Prepare the journal entries to record these transactions on the books of Pagnucci Co. under a perpetual inventory system.

(b) On April 20, Pagnucci sold 60% of the goods purchased from Mockingbird. What amount would they record as cost of goods sold?

(c) How would the April 6 entry be different if the $500 was paid to ship goods to a customer (rather than for shipping costs for goods purchased)?

(d) Assume that Pagnucci Co. paid the balance due to Mockingbird Company on May 4 instead of April 15. Prepare the journal entry to record this payment