View Policies Current Attempt in Progress This information relates to Splish Brothers Co. 1. On April 5, purchased merchandise from Sunland Company for $26,800, on account, terms 2/10,n/30. 2. On April 6, paid freight costs of $2,800 on merchandise purchased from Sunland Company. 3. On April 7, purchased equipment on account for $37,800. 4. On April 8, returned $4,200 of the April 5 merchandise to Sunland Company. 5. On April 15, paid the amount due to Sunland Company in full. Prepare the journal entries to record these transactions on the books of Splish Brothers using a periodic 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 1. 2. 3. 4. 5. Assume that Splish Brothers paid the balance due to Sunland 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.) Date Account Titles and Explanation Debit Credit May 4 e Textbook and Media