Business, 22.04.2020 02:04 brennae1801

This information relates to Sherper Co. 1. On April 5 purchased merchandise from Newport Company for $22,000, terms 2/10, n/10.

2. On April 6 paid freight costs of $900 on merchandise purchased from Newport.

3. On April 7 purchased equipment on account for $26,000.

4. On April 8 returned some of April 5 merchandise to Newport Company which cost $2,000.

5. On April 15 paid the amount due to Newport Company in full.

Assume that Sherper Co. paid the balance due to Newport Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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This information relates to Sherper Co. 1. On April 5 purchased merchandise from Newport Company for...

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