a. Purchased $23,000 of merchandise from Schell Co. on account, terms 1/10, n/30. Inventory Accounts Payable-Schell Co. I b. Paid the amount owed on the invoice. 38 22,770 22,770 c. Discovered that merchandise with an invoice amount of $4,600 purchased in (a) was defective and returned items, receiving credit. d. Purchased $3,600 of merchandise from Schell Co. on account, terms n/30. 83 e. Received a refund from Schell Co. for return in (c) less the purchase in (d)