2.This information relates to Olaf Decor. 1. On April 5, purchased merchandise on account from DeVito Group for 18,000, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of 820 on merchandise purchased from DeVito. 3. On April 7, purchased equipment on account for 30,000. 4. On April 8, returned some of April 5 merchandise, which cost 2,800, to DeVito. 5. On April 15, paid the amount due to DeVito in full. Instructions a. Prepare the journal entries to record these transactions on the books of Olaf using a periodic inventory system (30). b. Assume that Olaf paid the balance due to DeVito on May 4 instead of April 15. Prepare the journal entry to reco this payment.(20)