2 EX 5-8 Purchase-related transactions Journalize entries for the following related transactions of Westcoast Apparel Company: a. Purchased $25,000 of merchandise from President Co. on account, terms 2/10, n/30. b. Paid the amount owed on the invoice within the discount period. c. Discovered that $5,000 of the merchandise was defective and returned items, receiving credit d. Purchased $4,000 of merchandise from President Co. on account, terms n/30. e. Received a cheque for the balance owed from the return in (e), after deducting for the purchase in (d)