[Solved] This information relates to Tamarisk Co. 1. On April 5 purchased merchandise from D. Munez Company for $31,500, terms 2/10,

This information relates to Tamarisk Co. 1. On April 5 purchased merchandise from D. Munez Company for $31,500, terms 2/10, net/30, FOB shipping point. 2. On April 6 paid freight costs of $1,350 on merchandise purchased from D. Munez Company. 3. On April 7 purchased equipment on account for $45,500. 4. On April 8 returned some of April 5 merchandise to D. Munez Company which cost $3,350. 5. On April 15 paid the amount due to D. Munez Company in full. (a) Prepare the journal entries to record these transactions on the books of Tamarisk Co. using a periodic inventory system

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