This information is provided by Hans Olaf Pty Ltd It is related to 1 Purchased inventory from R Ward and Company for $18,000 on April 5, terms 2 7, n 30 2 On April 6, he paid Freight Masters $900 in freight for inventory purchased from R Ward and Company 3 Purchased equipment for $26,000 on April 7th 4 On April 8, he returned defective stock to R Ward Company and was given an allowance of $3,000 5 On April 11, the amount due to R Ward Company was paid Prepare journal entries to record the transactions listed above in the books of Hans Olaf Pty Ltd Hans Olaf Pty Ltd uses a perpetual inventory system (For multiple debit credit entries, list the accounts in order of magnitude )

Question: This information is provided by Hans Olaf Pty Ltd. It is related to. 1. Purchased inventory from R. Ward and Company for $18,000 on April

This information is provided by Hans Olaf Pty Ltd. It is related to.

1.	Purchased inventory from R. Ward and Company for $18,000 on April 5, terms 2/7, n/30.
2.	On April 6, he paid Freight Masters $900 in freight for inventory purchased from R. Ward and Company.
3.	Purchased equipment for $26,000 on April 7th.
4.	On April 8, he returned defective stock to R. Ward & Company and was given an allowance of $3,000.
5.	On April 11, the amount due to R. Ward & Company was paid.

Prepare journal entries to record the transactions listed above in the books of Hans Olaf Pty Ltd. Hans Olaf Pty Ltd uses a perpetual inventory system. (For multiple debit/credit entries, list the accounts in order of magnitude.)

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