PURCHASE TRANSACTIONS On February 2, Hamm Manufacturing Corp. purchased $40,000 worth of inventory, on credit terms 3/10 n/30. On February 10, Hamm paid for the inventory, taking advantage of all available discounts Prepare the required journal entries. Debit and credit the accounts affected Ensure the equation still balances and debits credits Assets Liabilities + Stockholders' Equity Debit and credit the accounts affected Ensure the equation still balances and debits credits Assets Liabilities+Stockholders' Equity