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April 2 Purchased $3,700 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. Paid $210
April 2 Purchased $3,700 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. Paid $210 cash for shipping charges on the April 2 purchase. Returned to Lyon Company unacceptable merchandise that had an invoice price of $550. Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. April 3 April 4 April 17 April 18 Purchased $6,700 of merchandise from Frist Corporation with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. April 21 After negotiations over scuffed merchandise, received from Frist a $500 allowance toward the $6,700 owed on the April 18 purchase. Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. April 28
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