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This information relates to Metlock Co. 1. On April 5, purchased merchandise on account from Ivanhoe Company for $26,200, terms 3/10,n/30. 2. On April 6,
This information relates to Metlock Co. 1. On April 5, purchased merchandise on account from Ivanhoe Company for $26,200, terms 3/10,n/30. 2. On April 6, paid freight costs of $540 on merchandise purchased from Ivanhoe. 3. On April 7, purchased equipment on account for $30,500. 4. On April 8, returned $3,900 of April 5 merchandise to Ivanhoe Company. 5. On April 15, paid the amount due to Ivanhoe Company in full. 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 O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)
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