Prepare journal entries to record the following merchandising transactions of Bradford Company, Inc., which uses the gross method of accounting for purchases and uses a perpetual inventory system. 
Definitions:
Incentives
Rewards or penalties designed to encourage or discourage specific behaviors among individuals or groups, often used in economic and business contexts.
Information
is data that is processed, organized, or presented in a manner that makes it meaningful and useful for decision-making, learning, or analysis.
Firm Division
A segment or branch of a firm that operates under the larger corporate umbrella, focusing on specific operational tasks or market sectors.
Hierarchy
A system or organization in which people or groups are ranked one above the other according to status or authority.
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