Prepare the journal entries to record these transactions on the books of Ayayai Co under the perpetual inventory system with the following transactions: 1) on April 5 purchased merchandise on account from Marin Company for 38,400, terms 3/10,net/30,FOB shipping point. 2) on April 6, paid freight costs of $920 on merchandise purchased from Marin. 3) on April 7, purchased equipment on account for $27,900. 4) on April 8, returned $5,400 of merchandise to Marin Company. 5) 0n April 15, paid the amount due to Marin Company.

Part B) Assume that Ayayai Co. Paid the balance due to Marin Company on May 4 instead of April 15. Prepare the journal entry to record this payment1. On April 5, purchased merchandise on account from Marin Company for $38,400, terms 3/10, net/30, FOB shipping point.Prepare the journal entries to record these transactions on the books of Ayayai Co under the perpetual inventory system with the following transactions: 1) on April 5 purchased merchandise on account from Marin Company for 38,400, terms 3/10,net/30,FOB shipping point. 2) on April 6, paid freight costs of $920 on merchandise purchased from Marin. 3) on April 7, purchased equipment on account for $27,900. 4) on April 8, returned $5,400 of merchandise to Marin Company. 5) 0n April 15, paid the amount due to Marin Company.

Part B) Assume that Ayayai Co. Paid the balance due to Marin Company on May 4 instead of April 15. Prepare the journal entry to record this payment