Question 2 of 9 72 E This information relates to Metlock Co. 1 2 3. 4. On April 5, purchased merchandise from Ivanhoe Company for $26,200, terms 3/10,1V 30. On April 6, paid freight costs of $540 on merchandise purchased from Ivanhoe. On April 7, purchased equipment on account for $30.500 On April 8, returned $3.900 of April 5 merchandise to Ivanhoe Company 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 Metlock Co's books, Metlock Causes a perpetual inventory system. If no entry is required, select "No Entry for the account titles and enter 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 5. (b) Assume that Metlock Co. paid the balance due to Ivanhoe 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 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation May 4 e Textbook and Media List of Accounts Attempts: 0 of Sused Subenit Answer Smafor Later e