Question 1 Information related to Blue Co. is presented below 1. On April 5, purchased merchandise on account from Kingbird Company for $26,400, terms 4/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $930 on merchandise purchased from Kingbird. 3. On April 7, purchased equipment on account for $41,900. 4. On April 8, returned damaged merchandise to Kingbird Company and was granted a $4,100 credit for returned merchandise 5. On April 15, paid the amount due to Kingbird Company in full (a) Prepare the journal entries to record these transactions on the books of Blue Co. under a perpetual inventory when amount is entered. Do not indent manually.) (Credit account titles are automatically indented Date Account Titles and Explanation