Question 3 of 36 -16 1 2 On April 5, purchased merchandise from Grouper Inc for $23,900. terms 2/10,n/30 On April 6, paid freight costs of $1,000 on merchandise purchased from Grouper. On April 7. purchased equipment on account for $27,100. 3. 4 On April 8, returned some of April 5 merchandise to Grouper that cost $3,500. 5 On April 15, paid the amount due to Grouper in full. Monty uses a perpetual inventory system. Prepare the journal entries to record the transactions listed above on the books of Monty Corporation. (Credit account titlu 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 for the amounts. Round answers to the nearest whole dollar, es 5,725. List all debit entries before credi entries.) E Type here to search . O ASUS Prepare the journal entries to record the transactions listed above on the books of Monty 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 for the amounts. Round answers to the nearest whole dollar, es 5,725. List all debit entries before credit entries) Date Account Titles and Explanation Debit Credit Assume that Monty Corporation paid the balance due to Grouper Inc on May 4 instead of April 15. Prepare the journal entry to record this payment. (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 O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit