Prepare the journal entries

5 E5-2 General Journal B5.2 (LO 2), AP information related to Ketber Co. is prcoented below. 1. On Aprit 5, purchased merchandlee on account from Wilkes Company for 525,000 , terms 2/10. not/30, FOB shipping point. 2. On April 6, pald freight costs of $900 on merchandise purchased from Wilkes. 3. On Apri 7, purchased equipment oci account for 526,000 4. On April 8, returned 53,000 of merchandise to Whikes Company: 5. On Aprib 15. paid the amosint due to Wilkes Company in full. Instructions a. Prepare the journal entries to record these tmansactions on the beoks of Kerber Co. under a perpetual inventory system. b. Assume that Kerber Co. pald the balince due to Willoes Company on May 4 instead of April 15. Prepare the joumal entry to record this payment