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 merchandise worth 6,000 and paid in full (less the discount). Karns uses a perpetual inventory system. Prepare the journal entries that Karns company made to record (1) the purchase of merchandise, (2) the return of merchandise, and (3) the payment on account