This information relates to Woodward Co.
1. On April 5, purchased merchandise from Cozart Company for $27,000, terms 2/10, n/30.
2. On April 6, paid freight costs of $1,200 on merchandise purchased from Cozart Company.
3. On April 7, purchased equipment on account for $30,000.
4. On April 8, returned some of the April 5 merchandise to Cozart Company, which cost $3,600.
5. On April 15, paid the amount due to Cozart Company in full.

Instructions
(a) Prepare the journal entries to record these transactions on the books of Woodward Co. using a periodic inventory system.
(b) Assume that Woodward Co. paid the balance due to Cozart Company on May 4 instead of April 15. Prepare the journal entry to record this payment.