Return to blackDoara Weygandt, Financial Accounting, 10e Help System Announcements CALCULATOS This information relates to Metlock Co. 1. 3. On April 5, purchased merchandise on account from Grouper Company for $40,000, terms 3/10, net/30, FOB shipping point. On April 6, paid freight costs of $990 on merchandise purchased from Grouper Company. On April 7, purchased equipment on account for $28,700. On April 8, returned some of April 5 merchandise, which cost $1,800, to Grouper Company. On April 15, paid the amount due to Grouper Company in full. 5. Prepare the journal entries to record these transactions on the books of Metlock Co. using a periodic inventory system. (Credit account titles are amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amoul No. Date Account Titles and Explanation Debit Credit 1. April 5 Accounts Payable 2. April 6 v Cash 3. April 7 4. April 8 y Accounts Payable Inventory 5. April 15 sme anything. Accounts Payable O a w e Weygandt, Finanaal Accounting, 10e Help | System Announcements April 15 Accounts Payable Cash Inventory SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR EXERCISE Assume that Metlock Co. paid the balance due to Grouper Company on May 4 instead of April 15. Prepare the journal entry to rer automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry Date Account Titles and Explanation Debit Credit May 4 y Accounts Payable Cash SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR EXERCISE Question Atter