CALCULAT Exercise 5-1 Your answer is partially correct. Try again. This information relates to Oriole Co.. On April 5, purchased merchandise from Ivanhoe Company for $26,800, terms 3/10, n/30. 1. On April 6, paid freight costs of $750 on 2. merchandise purchased from Ivanhoe Company. On April 7, purchased equipment on account for $32,800. 3. On April 8, returned $3,600 of April 5 merchandise to Ivanhoe Company. 4. On April 15, paid the amount due to Ivanhoe Company in full. 5. (a) Prepare the journal entries to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory sy Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amc Record journal entries in the order presented in the problem.) Credit Debit Account Titles and Explanation Date No. 26800 Inventory 1. April 5 26800 Accounts Payable 750 Inventory 2. April 6