Your answer is partially correct. Try again. This information relates to Billy Ho Company. 1. On 5 April purchased merchandise from M. DeVito Company for $18 000, terms 2/10, net/30, FOB delivery poin 2. On 6 April paid freight costs of $900 on inventory purchased from M. DeVito Company 3. On 7 April purchased equipment on account for $26 000. 4. On 8 April returned some of 5 April inventory to M. DeVito Company which cost $2 800. 5. On 15 April paid the amount due to M. DeVito Company in full. Instructions (a) Prepare the journal entries to record these transactions on the books of Billy Ho Company using a periodic inven (Enter all debit entries first, followed by all credit entries. Credit account titles are automatically indented Date Particulars Debit Credit April 5 Purchases 18000 Accounts payable 18000 x 6 Inventory 900 structions Prepare the journal entnes to record these transactions on the books of Billy Ho Company using a periodic inventory system nter all debit entries first, followed by all credit entries. Credit account titles are automatically indented when the a Date Particulars Debit Credit April 5 Purchases 18000 Accounts payable 18000 6 Inventory 900 x Accounts payable 900 7 Equipment 26000 [Accounts payable 26000 8 Accounts payable 2800 X 2800 Inventory 15 Accounts payable 18000 464 Discount receved 22736 Cash at bank b) Assume that Billy Ho Company paid the balance due to M. DeVito Company 14 May Enter all debit entries first, followed by all credit entries. Credit account titles are automatically indented when Date Particulars Debit Credit May Accounts payable 23200 X 23200 Cash at bank Click if you would like to Show Work for this question: Open Show Work