Information related to Ayayai Co is presented below.
On April purchased merchandise from Mockingbird Company for $ terms net FOB shipping
point.
On April paid freight costs of $ on merchandise purchased from Mockingbird.
On April purchased equipment on account for $
On April returned damaged merchandise to Mockingbird Company and was granted a $ credit for
returned merchandise.
On April paid the amount due to Mockingbird Company in full.
Assume that Ayayai Co paid the balance due to Mockingbird Company on May instead of April Prepare the
journal entry to record this payment. Credit account titles are automatically indented when the
amount is entered. Do not indent manually. List all debit entry before credit entry. If no entry is
required, select No Entry" for the account titles and enter for the amounts.
Date Account Titles and Explanation
Debit
Credit
May
