The following information is related to Pina Colada Corp. 1. On April 5, purchased merchandise on account from Pina Colada Company for $18,600, terms 2/10, net /30, FOB shipping point. 2. On April 6, paid freight costs of $820 on merchandise purchased from Pina Colada. 3. On April 7, purchased equipment on account from Holifield Mfg. Co. for $27,800. 4. On April 8, returned merchandise, which cost $2,000, to Pina Colada Company. 5. On April 15, paid the amount due to Pina Colada Company in full. Prepare the journal entries to record the preceding transactions on the books of Pina Colada Corp. using a periodic inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) Assume that Pina Colada Corp. paid the balance due to Pina Colada Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)