The preparation of the journal entries to record the transactions of Sage Hill Co. are as follows:
<h3>Journal Entries:</h3>
April 5 Debit Inventory $27,900
Credit Accounts Payable (Oriole Company) $27,900
Credit terms 4/10, n/30.
April 6, Debit Freight-in $520
Credit Cash $520
April 7, Debit Equipment $32,700
Credit Accounts Payable $32,700
April 8, Debit Accounts Payable (Oriole Company) $4,800
Credit Inventory $4,800
April 15, Debit Accounts Payable (Oriole Company) $23,100
Credit Cash $22,176
Credit Cash Discounts $924
<h3>Transaction Analysis:</h3>
April 5 Inventory $27,900 Accounts Payable (Oriole Company) $27,900
Credit terms 4/10, n/30.
April 6, Freight-in $520 Cash $520
April 7, Equipment $32,700 Accounts Payable $32,700
April 8, Accounts Payable (Oriole Company) $4,800 Inventory $4,800
April 15, Accounts Payable (Oriole Company) $23,100 Cash $22,176 Cash Discounts $924
Learn more about recording transactions at brainly.com/question/24835236
