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Prepare the journal entries to record the transactions listed above on the books of Grouper Corporation. (Credit account titles are automatically indented when the amount

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Prepare the journal entries to record the transactions listed above on the books of Grouper Corporation. (Credit account titles are automatically indented when the 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. Round answers to the nearest whole dollar, e.g. 5,725. List all debit entries before credit entries.) This information relates to Grouper Corporation. 1. On April 5, purchased merchandise from Monty Inc. for $26,400, terms 2/10,n/30. 2. On April 6, paid freight costs of $1,000 on merchandise purchased from Monty. 3. On April 7, purchased equipment on account for $27,400. 4. On April 8, returned some of April 5 merchandise to Monty that cost $3,300. 5. On April 15, paid the amount due to Monty in full. Grouper uses a perpetual inventory system

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