This information relates to Crane Co..

1.		On April 5, purchased merchandise from Sheridan Company for $26,800, terms 2/10, n/30.
2.		On April 6, paid freight costs of $620 on merchandise purchased from Sheridan Company.
3.		On April 7, purchased equipment on account for $34,400.
4.		On April 8, returned $4,900 of April 5 merchandise to Sheridan Company.
5.		On April 15, paid the amount due to Sheridan Company in full.

A.) Prepare the journal entries to record the transactions listed above on Crane Co.s books. Crane Co. uses a perpetual inventory system.

B.) Assume that Crane Co. paid the balance due to Sheridan Company on May 4 instead of April 15. Prepare the journal entry to record this payment.