journal

1. Hamza Co. had the following transactions during April: 1. On April 3, purchased merchandise from Saira Company for $53,000, terms 1/10, net/30, FOB shipping point. 2. On April 5, paid freight costs of $1,000 on merchandise purchased from Saira Company. 3. On April 9, purchased equipment on account for $26,000. 4. On April 8, returned damaged merchandise to Saira Company and was granted a $5,000 credit for returned merchandise. 5. On April 20, paid the amount due to Saira Company. Instructions Prepare the journal entries to record these transactions on the books of Hamza Co. under a perpetual inventory system