Gospel Ministries purchased two pianos on account on April 3,Year 1 for $6,600.The company agreed to pay an extra $100 to have the seller deliver the pianos.Unfortunately,one of the pianos was damaged during transit.The seller agreed to deduct $200 from the amount owed.Gospel Ministries paid for the pianos in full on May 3,Year 1.
Prepare the journal entries that Gospel Ministries should make on April 3 and May 3.
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