Karns Company purchased merchandise on account from Bailey Office Suppliers for $174,000, with terms of 2/10,n/30. During the discount period, Karns returned some merchandise and paid $156,800 as payment in fult. Karns uses a perpetuat inventory system. Prepare the journal entries that Karns Company made to record: (1) the purchase of merchandise. (2) the return of merchandise. (3) the payment on account. (Credit account tities are automaticolly indented when the amount is entered. Do not indent manually)