Exercise 5-1 Your answer is partially correct. Try again. This information relates to Sandhill Co.. 1. 2. 3. On April 5, purchased merchandise from Carla Vista Company for $25,100, terms 2/10, n/30. On April 6, paid freight costs of $640 on merchandise purchased from Carla Vista Company. On April 7, purchased equipment on account for $32,900. On April 8, returned $4,800 of April 5 merchandise to Carla Vista Company. On April 15, paid the amount due to Carla Vista Company in full. 4. 5. (a) Prepare the journal entries to record the transactions listed above on Sandhill Co.'s books. Sandhill Co. uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit Credit 1. April 5 Inventory 25100 Accounts Payable 25100 2. April 6 Inventory 640) Cash 640 3. April 7 Equipment 32900 Accounts Payable 32900 4. April 8 v Accounts Payable 48001 Inventory 4800 5. April 15 Accounts Payable 203001 Cash Inventory