This information relates to Skysong Co. 1. On April 5, purchasedtmerchandise on account from Sheridan Company for $27,600, terms 3/10,n/30. 2. On Aprit 6, paid freight costs of $770 on merchandise purchased from Sheridan. 3. On April 7, purchased equipment on account for $34,300. 4. On April 8, returned \$5,300 of April 5 merchandise to Sheridan Company. 5. On April 15. paid the amount due to Sheridan Company in full. Prepare the journal entries to record the transactions listed above on Skysong Co's books. Skysong Co, uses a perpetual imventory system. (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 monually. Record journal entries in the order presented in the problem. List all debit entries before credit 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 account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)