This information relates to Wildhorse Co. 1. On April 5, purchased merchandise from Sarasota Company...
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Accounting
This information relates to Wildhorse Co. 1. On April 5, purchased merchandise from Sarasota Company for $30,000. on account, terms 4/10, net /30. 2. On April 6. paid freight costs of $1,120 on merchandise purchased from Sarasota Company. 3. On April7,purchased equipment on account for $31,300. 4. On April 8, retumed $3,600 of the April 5 merchandise, to Sarasota Company. 5. On April 15, paid the amount due to Sarasota Company in full. (a) Prepare the journalentries to record these transactions on the books of Wildhorse Co. using a periodic inventory system. (Credit account titles ore automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amouts.)
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