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$5-3 ournalizing purchase transactions Lear Consider the following transactions for Burlington Drug Store: Burlington buys $23,800 worth of inventory on account with credit terms of

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$5-3 ournalizing purchase transactions Lear Consider the following transactions for Burlington Drug Store: Burlington buys $23,800 worth of inventory on account with credit terms of 2/15, n/30, FOB shipping point. Burlington pays a $50 freight charge Burlington returns $5,200 of the merchandise due to damage during shipment. Burlington paid the amount due, less return and discount. Feb. 2 4 9 14

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