This information relates to Teal Mountain Co. 1. On April 5, purchased merchandise from Sandhill Company for $25,400, terms 2/10, n/30. 2. On April 6, paid freight costs of $660 on merchandise purchased from Sandhill. 3. On April 7, purchased equipment on account for $32,900. 4. On April 8, returned $3,700 of April 5 merchandise to Sandhill Company. 5. On April 15, paid the amount due to Sandhill Company in full. (a) Prepare the journal entries to record the transactions listed above on Teal Mountain Co.'s books. Teal Mountain Co. uses a perpetual inventory 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 manually.) Date Account Titles and Explanation April 5 Inventory Accounts Payable April 6 Inventory Cash April 7 Equipment Accounts Payable April 8 Accounts Payable Inventory Debit 25,400 660 32900 3,700 April 15 Accounts Payable 20300 Inventory (b) Cash Credit 25,400 660 32900 3,700 406 19894 Assume that Teal Mountain Co. paid the balance due to Sandhill 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 O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation May 4 Accounts Payable Cash Debit 20300 Credit 20300