This information relates to Larkspur Co. 1 2. 3 On April 5, purchased merchandise from Crane Company for $ 25,100, on account, terms 2/10,n/30. On April 6, paid freight costs of $ 1,100 on merchandise purchased from Crane Company. On April 7, purchased equipment on account for $ 36,100. On April 8, returned $ 5,900 of the April 5 merchandise to Crane Company, On April 15, paid the amount due to Crane Company in full. 4. 5 April 15 Accounts Payable 19,200 Cash Inventory