1 Assumption: On day 5, ABC Company bought merchandise on account from DEF Company. ABC Company paid $1,500 to DEF Company for the merchandise. DEF Company merchandise cost was $800. On day 8, ABC Company returned $200 in goods. Action to take: 1. Record the ABC Company purchase. 2. Record the ABC Company return.

Assumption: On day 5,ABC Company bought merchandise on account from DEF Company. ABC Company paid $1,500 to DEF Company for the merchandise. DEF Company merchandise cost was $800. On day 8,ABC Company returned $200 in goods. Action to take: 1. Record the ABC Company purchase. 2. Record the ABC Company return