This information relates to Rana Co.
1. On April 5, purchased merchandise from Craig Company for $25,000, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Craig Company.
3. On April 7, purchased equipment on account for $30,000.
4. On April 8, returned some of April 5 merchandise, which cost $2,800, to Craig Company.
5. On April 15, paid the amount due to Craig Company in full.

Instructions
(a) Prepare the journal entries to record these transactions on the books of Rana Co. using a periodic inventory system.
(b) Assume that Rana Co. paid the balance due to Craig Company on May 4 instead of April 15. Prepare the journal entry to record this payment.