1. Exercise 5-20 a-b (Part Level Submission) (Video) This information relates to Larkspur Co. On April 5, purchased merchandise on account from Flounder Company for $20,000, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $930 on merchandise purchased from Founder Company 3. On April 7, purchased equipment on account for $26,800. On April 8, returned some of April 5 merchandise, which cost $2,600, to Founder Company. On April 15, paid the amount due to Flounder Company in full. 4. 5. (a) Prepare the journal entries to record these transactions on the books of Larkspur Cousing a periodic inventory system. (Credit account titles are automatically amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. 2 Help System Announcements 4. 5. Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO SIMILAR EXERCISE Attempts: 0 of 3 us (b) The parts of this question must be completed in order. This part will be available when you complete the part above