Prepare the journal entries to record these transactions on the books if Sheffield Co. using a periodic inventory system.

This information relates to Sheifield Co. 1. On April 5, purchased merchandise from Riverbed Company for $35,000, on account, terms 2/10, net/30. 2. On April 6, paid freight costs of \$1,110 on merchandise purchased from Riverbed Company. 3. On April 7, purchased equipment on account for $28,700, 4. On April 8, returned $2,900 of the April 5 merchandise, to Riverbed Company. 5. On April 15, paid the amount due to Riverbed Company in full (a) Prepare the joumal entries to record these transactions on the books of Shetfield Co; using a periodic irventory system. (Credit occount titles are automatically indented when amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts