Question: This information relates to Kingbird Co. 1. . 2. 3. 4. On April 5, purchased merchandise on account from Whispering Winds Company for $29,000, terms

 This information relates to Kingbird Co. 1. . 2. 3. 4.
On April 5, purchased merchandise on account from Whispering Winds Company for
$29,000, terms 2/10, net/30, FOB shipping point On April 6, paid freight

This information relates to Kingbird Co. 1. . 2. 3. 4. On April 5, purchased merchandise on account from Whispering Winds Company for $29,000, terms 2/10, net/30, FOB shipping point On April 6, paid freight costs of $990 on merchandise purchased from Whispering Winds Company. On April 7. purchased equipment on account for $28,600. On April 8, returned some of April 5 merchandise, which cost $3,000, to Whispering Winds Company. On April 15, paid the amount due to Whispering Winds Company in full. . 5. (a) a Prepare the journal entries to record these transactions on the books of Kingbird Co. using a periodic inventory system. (Credit account titles are automatically indented when 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.) Debit Credit No. Date Account Titles and Explanation 1. 2 3.

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