This information relates to Shamrock Co. 1. 2. 3. 4. 5. On April 5, purchased merchandise from Pharoah Company for $26,000, terms 3/10,n/30. On April 6, paid freight costs of $550 on merchandise purchased from Pharoah. On April 7. purchased equipment on account for $30,700. On April 8, returned $5,500 of April 5 merchandise to Pharoah Company. On April 15. paid the amount due to Pharoah Company in full. (a) Prepare the journal entries to record the transactions listed above on Shamrock Co.'s books. Shamrock 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 titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit 1. 2 3. Question 2012 3. 4 5. I (b) Assume that Shamrock Co. paid the balance due to Pharoah 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