Accounting 2

5.2 Purchases Instructions Try February 3: Allarco Inc. purchased merchandise on credit from Global Filter Corp., terms 2/10, n/60, $5,300, FOB destination. February 13: Received a $1,100 credit memorandum acknowledging the return of merchandise purchased on February 3. February 20: Paid Global Filter Corp. the balance due. General Journal Page GJ1 Date Account/Explanation F |Debit Credit