Information related to Sheffield Corp. is presented below.

On April $5,$ purchased merchandise on account from Concord Company for $$27,300,$ terms $\frac{4}{10},$ net$/30,$ FOB shipping point.

On April $6,$ paid freight costs of $$900$ on merchandise purchased from Concord.

On April $7,$ purchased equipment on account for $$30,700.$

On April $8,$ returned $$3,700$ of merchandise to Concord Company.

On April $15,$ paid the amount due to Concord Company in full.

$($a$)$

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Prepare the journal entries to record these transactions on the books of Sheffield Corp. under a perpetual inventory system. $($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 $0$ for the amounts.$)$

No$.$ Date Account Titles and Explanation

Debit

Crec

$1.$

April $5$

Inventory

Accounts Payable

$2.$

Cost of goods sold

Cash

$3.$

Sales

$4.$

$5.$

Sales Discounts

Sales Discounts

Cash