View Policies Current Attempt in Progress This information relates to Sage Hill Co. 1. 2. 3. On April 5, purchased merchandise from Oriole Company for $27,900, terms 4/10, n/30. On April 6, paid freight costs of $520 on merchandise purchased from Oriole. On April 7, purchased equipment on account for $32,700. On April 8, returned $4,800 of April 5 merchandise to Oriole Company. On April 15, paid the amount due to Oriole Company in full. 4. 5. (a) Prepare the journal entries to record the transactions listed above on Sage Hill Co.'s books. Sage Hill Co. uses 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 1. 2. 3. 4. 5. (b) Assume that Sage Hill Co. paid the balance due to Oriole 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