This information relates to Sharper Co. On April 5 purchased merchandise from Newport Company for $22,000. terms 2/10. n/10 On April 6 paid freight costs off $900 on merchandise purchased from Newport On April 7 purchased equipment on account for $26,000 On April 8 returned some of April 5 merchandise to Newport Company which cost $2,000 On April 15 pad the amount due to Newport Company in full. Instructions Prepare the journal entries to record the transactions listed above on the books of Sherper Co Sherper Co. uses a perpetual inventory system Assume that Sherper Co pad the balance due to Newport Company on May 4 instead of April 15. Prepare the journal entry to record tins payment