part A).

part B).

Information related to Martinez Co. is presented below. 1. On April 5, purchased merchandise on account from Marin Company for $33,500, terms 2/10, net/30, FOB shipping point. On April 6, paid freight costs of $910 on merchandise purchased from Marin. 2. 3. On April 7, purchased equipment on account for $44,400. 4. On April 8, returned $6,000 of merchandise to Marin Company. 5. On April 15, paid the amount due to Marin Company in full. Prepare the journal entries to record these transactions on the books of Martinez Co. under a perpetual inventory system. (List all debit entries before credit entries. 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 O for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. (b) Assume that Martinez Co. paid the balance due to Marin Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (List all debit entries before credit entries. 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 O for the amounts.) Date Account Titles and Explanation Debit Credit May 4