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pleass solve it Question 01 (06 points) May 5: HIBA Company purchased $34,000 of merchandise from BELLA Company, FOB shipping point, terms 1/15, n/30. May

pleass solve it
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Question 01 (06 points) May 5: HIBA Company purchased $34,000 of merchandise from BELLA Company, FOB shipping point, terms 1/15, n/30. May 6: payment of the freight costs of $1,250 cash. May 7: goods totalling $2,500 are returned to BELLA for credit. May 20: HIBA pays BELLA the amount due. Prepare the journal entries in the books of HIBA using the perpetual inventory system. Show all your computations. Date Account Titles Debit Credit

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