Presented below is the following information related to Hans Olaf Co.

1. On April 5, purchased merchandise from D. DeVito Company for \(\$ 18,000\) terms \(2 / 10\), net \(/ 30\), FOB shipping point.

2. On April 6 paid freight costs of \(\$ 900\) on merchandise purchased from D. DeVito.

3. On April 7, purchased equipment on account for \(\$ 26,000\).

4. On April 8, returned damaged merchandise to D. DeVito Company and was granted a \(\$ 3,000\) allowance.

5. On April 15 paid the amount due to D. DeVito Company in full.

\section*{Instructions}

(a) Prepare the journal entries to record these transactions on the books of Hans Olaf Co under a perpetual inventory system.

(b) Assume that Hans Olaf Co. paid the balance due to D. DeVito Company on May 4 instead of April 15. Prepare the journal entry to record this payment.