Information related to Sheffield Co. is presented below. 1.
On April 5, purchased merchandise on account from Skysong Company for $29,500, terms 4/10, net/30, FOB shipping
point.
2.
On April 6, paid freight costs of $960 on merchandise purchased from Skysong.
3.
On April 7, purchased equipment on account for $45,200.
4.
On April 8, returned damaged merchandise to Skysong Company and was granted a $5,800 credit for returned
merchandise.
5.
On April 15, paid the amount due to Skysong Company in full.