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QUESTION 26 Information related to Hana Co. is presented below: 1. On April 4, purchased merchandise from Bryant Company for $50,000 terms 2/12, net30, FOB

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QUESTION 26 Information related to Hana Co. is presented below: 1. On April 4, purchased merchandise from Bryant Company for $50,000 terms 2/12, net30, FOB shipping point. 2. On April 12, returned damaged merchandise to Bryant Company and was granted a $5,000 credit for returned merchandise. 3. On April 15 paid the amount due to Bryant Company in full. Instructions a. Prepare the journal entries to record these purchases transactions on the books of Hana Co, under a perpetual inventory system. Artal 3(126) T lick Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers

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