This information relates to Skysong Co. 1. On April 5, purchased merchandise on account from Sheridan Company for $27,200, terms 3/10, r /30. 2. On April 6, paid freight costs of $780 on merchandise purchased from Sheridan. 3. On April 7, purchased equipment on account for $34,200. 4. On April 8, returned $4,600 of April 5 merchandise to Sheridan Company. 5. On April 15, paid the amount due to Sheridan Company in full. (a) Your answeris correct. Prepare the journal entries to record the transactions listed above on Skysong Co's books. Skysong Co, uses a perpetual inventory system. (If no entry is requiled, select "No Entry" for the occount titles and enter O for the amounts Credit occount titles are outomatically Indented when amount is entered. Do not indent manualiy. Record joumal entries in the order presented in the problem. List all olebit entries Assume that Skysong Co. paid the balance due to Sheridan 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 occount titles and enter O for the amounts. Credit occount titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries]