The following information is related to Cullumber Co.

The following information is related to Cullumber Co. 1. On April 5, purchased merchandise on account from Ayayai Company for $16,000, terms 2/10, net /30, FOB shipping point. 2. On April 6, paid freight costs of $810 on merchandise purchased from Ayayai. 3. On April 7, purchased equipment on account from Holifield Mfg. Co. for $26,100. 4. On April 8, returned merchandise, which cost $2,000, to Ayayai Company. 5. On April 15, paid the amount due to Ayayai Company in full. (a) Prepare the journal entries to record the preceding transactions on the books of Cullumber Co. using a periodic inventory system. (Credit acc