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o Verizon 17% 9:36 PM Chapter 05 Homework Exercise 5-1 This information relates to Carla Vista Co. On April 5, purchased merchandise from Wildhorse Company

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o Verizon 17% 9:36 PM Chapter 05 Homework Exercise 5-1 This information relates to Carla Vista Co. On April 5, purchased merchandise from Wildhorse Company for $28,200, terms 2/10, n/30. On April 6, paid freight costs of $710 on merchandise purchased from Wildhorse Company. On April purchased equipment on account for $33,200. On April 8, returned $3,800 of April 5 merchandise to Wildhorse Company. On April 15, paid the amount due to Wildhorse Company in full. (a) Prepare the journal entries to record the transactions listed above on Carla Vista Co.'s books. Carla Vista Co uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (b) Assume that Carla Vista Co. paid the balance due to Wildhorse Company on May 4 instead of April 15. Prepare the journal entry to record this payment. no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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