This information relates to Edyburn Co.

1. On April 5, purchased merchandise from Hansen Company for $27,000, terms 2/10, n/30.

2. On April 6, paid freight costs of $1,200 on merchandise purchased from Hansen Company.

3. On April 7, purchased equipment on account for $30,000.

4. On April 8, returned some of the April 5 merchandise to Hansen Company, which cost $3,600.

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


(a) Prepare the journal entries to record these transactions on the books of Edyburn Co. using a periodic inventory system.

(b) Assume that Edyburn Co. paid the balance due to Hansen Company on May 4 instead of April 15. Prepare the journal entry to record this payment.