Question 1 Presented below is information related to Marigold Co. 1. On April 5, purchased merchandise from Garcia Company for $16,200, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $700 on merchandise purchased from Garcia. 3. On April 7. purchased equipment on account from Holifield Mfg. Co. for $26,700. 4. On April 8, returned merchandise, which cost $3,400, to Garcia Company. 5. On April 15, paid the amount due to Garcia Company in full. Prepare the journal entries to record these transactions on the books of Marigold Co. using a periodic inventory system. indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for ti amounts.) No. Date Account Titles and Explanation Debit Credit 1. 2. > 3. > 4. Click if you would like to Show Work for this question: Open Show Work