EA 2- Marx Corp. purchases 135 fax machines on credit from a manufacturer on April 7 at a price of $250 per machine. Terms of the purchase are 4/10, n/20 with an invoice date of April 7. Marx Corp pays in full for the fax machines on April 17. Create the journal entries for Marx Corp. to record:

the initial purchase

Apr. 7	Dr. [ Select ] ["merchandise inventory", "Cash", "Accounts Payable"]	[ Select ] ["33,750", "32,400", "1,350"]
	Cr. [ Select ] ["merchandise inventory", "Accounts Payable", "Cash"]		[ Select ] ["32,400", "1,350", "33,750"]
	To recognize purchase of fax machine, terms 4/10, n/20

the subsequent payment on April 17

Apr. 17	Dr. [ Select ] ["Cash", "accounts payable", "merchandise inventory"]	[ Select ] ["32,400", "1,350", "33,750"]
	Cr. [ Select ] ["Cash", "merchandise inventory", "Accounts Payable"]		[ Select ] ["33,750", "32,400", "1,350"]
	Cr. [ Select ] ["Accounts Payable", "merchandise inventory", "Cash"]		[ Select ] ["1,350", "32,400", "33,750"]
	To recognize payment,