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This information relates to Metlock Co. 1. On April 5, purchased merchandise from Ivanhoe Company for $26,300, terms 2/10, 1/30. 2. On April 6, paid

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This information relates to Metlock Co. 1. On April 5, purchased merchandise from Ivanhoe Company for $26,300, terms 2/10, 1/30. 2. On April 6, paid freight costs of $640 on merchandise purchased from Ivanhoe. 3. On April 7. purchased equipment on account for $33,500. 4. On April 8, returned $3,700 of April 5 merchandise to Ivanhoe Company 5. On April 15, paid the amount due to Ivanhoe Company in full. Prepare the journal entries to record the transactions listed above on Metlock Co's books, Metlock Co, uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter for the amounts, Credit account tities are automatically indented when amount is entered. Do not ndent manually.) Study No. Date Account Titles and Explanation Debit Credit 5. (b) Assume that Metlock Co. paid the balance due to Ivanhoe Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation May 4

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