Prepse the joumal entries to record these transoctioms on the books of Shelfield Co. undtr a perpetual imventorysystem. (List all entry b required, select 'No Entry/ for the occount tilies and enter O for the omounts) Assume that Shefheld Co paid the butance due to Skrsang Company on May 4 instead of Apri 15. Prepare the jourral entry to Do not indent manually If no entry is required, select "No Entry" for the occount tities and enter O for the amounts) Information related to Sheffeid Co is presented below. 1. On April 5, purchased merchandise on account from Skysong Company for $29,500, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $960 on merchandise purchased from Skysong: 3. On April7, purchased equipment on account for $45,200. 4. OnApril 8, returned $5,500 of merchandise to Shysong Company. 5. On April 15, paid the amount due to Skysong Compary in full