This information relates to Sheridan Co. 1. On April 5 purchased merchandise from Newport Company for $23,000, terms 2/10,n/30. 2. On April 6 paid freight costs of $1,000 on merchandise purchased from Newport. 3. On April 7 purchased equipment on account for $25,000. 4. On April 8 returned some of April 5 merchandise to Newport Company which cost $2,700. 5. On April 15 paid the amount due to Newport Company in full. (a) Prepare the journal entries to record the transactions listed above on the books of Sheridan Co. Sheridan Co. uses a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)