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Week 5-Practice: Chapter 5 Question 4 of 5 < > -14 E Information related to Indigo Co. is presented below. On April 5, purchased merchandise
Week 5-Practice: Chapter 5 Question 4 of 5 < > -14 E Information related to Indigo Co. is presented below. On April 5, purchased merchandise on account from Marin Company for $44,600, terms 2/10, net/30, FOB shipping point. 1. 2 On April 6, paid freight costs of $890 on merchandise purchased from Marin 3. On April 7, purchased equipment on account for $44,400. 4. On April 8, returned $5,100 of merchandise to Marin Company S. On April 15, paid the amount due to Marin Company in full (a) Prepare the journal entries to record these transactions on the books of Indigo Co. under a perpetual inventory system (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually if no 1 entry is required, select "No Entry" for the account titles and enter O for the amounts) No. Date Account Titles and Explanation Debit Credit
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