c. Discovered that $11,000 of the merchandise purchased in (a) was defective and returned items, receiving credit for $10,780 ($11,000 - ($11,000 296) Accounts Payable-Foster Co. Merchandise Inventory 10,70 10.70 Check My W This transaction reduces Merchandise Inventory and the Accounts Payable. Since this return was made after payment was made at the discounted price, the credit will be for the cost of retumed goods less the discount d. Purchased 36,300 of merchandise from Foster Co, on account, tem w/30 Merchandise inventory Accounts Payable Foster Co. 300 e. Received a refund from Foster Co, for return in (c) less the purchase in (d). Cash 6,300 X 4,403 X Accounts Payable-Foster Co. 440 X Foto Che Wor e. Compare the amdunt owed in (a) with the amount credited to the buyer in () Cash refunded from the supalilee will be for the difference between these two amounts YOW Partially correct