Question: need help with this accounting problem Exercise 5-02 This information relates to Windsor Co. 1. 2. On April 5, purchased merchandise from Wildhorse Company for
need help with this accounting problem 

Exercise 5-02 This information relates to Windsor Co. 1. 2. On April 5, purchased merchandise from Wildhorse Company for $27,400, terms 3/10, n/30. On April 6, paid freight costs of $740 on merchandise purchased from Wildhorse. On April 7, purchased equipment on account for $31,200. On April 8, returned $5,200 of April 5 merchandise to Wildhorse Company. On April 15, paid the amount due to Wildhorse Company in full. 4. 5. (a) Prepare the journal entries to record the transactions listed above on Windsor Co.'s books. Windsor 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.) No. Date Account Titles and Explanation Debit Credit 2. 3. A 5. (b) Assume that Windsor Co. paid the balance due to Wildhorse Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (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.) Date Account Titles and Explanation Debit Credit May 4 Click if you would like to Show Work for this question: Open Show Work
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